Class 9 | Input Tax Credit | Section 17 | CA-Inter | Nov 2020 | May 2021 | CS-Executive
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- Опубликовано: 4 сен 2020
- #GST #NOV2020 #May2021
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This video is on Input Tax Credit Under GST. This Video Is applicable For CA/CS / CMA students appearing in May 2020 / June 2020 attempt respectively
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Paaji happy teachers day bhale aj teachers day na ho aap jo humare liye karte hai uske liye roz bhi thankyou bolenge toh bhi kum padega.. ek hi dil hai paaji kitni baar jeetoge❤️❤️
Thank you sir ji
Sir apne sec 17 ke upar vala ques discuss nahi kia
Beautifully explain sir. ..thankuu very much. ❤️❤️❤️
Thank you for uploading with out any consideration ....God bless you sir 🙏
One of the great video on gst ...... thank you so much sir for your efforts
If you are giving nov 22 exam then please skip the part of rule 42 & 43 because it has been removed from CA inter syllabus and moved to CA Final.
Best of Luck 😊
Love the way u r teaching sir 🙏🏼🙏🏼🙏🏼♥️♥️♥️♥️♥️
Sir , in rule 43 as u explain if any machine is used exclusively in excempt supply then that period of ITC not get., After that if starting used in common supply at that time firstly govt. Allow for ITC n then reverse ,now doubt is that at time of common supply we can reverse the ITC which we claim that I understand but in period of exclusively supply in excempt that period ITC how can we reverse bcuz it is not claim i.e not allowed by govt. Then how we add in output tax lability , plz tell
Yes sir
same doubt plz do explain it
dekho I''m not 100% sure, as I didn't get your query properly
Lekin jitna smjh aaya hai uske hissab se,
Humne jitne time machinery ko sirf exempt supply ke liye use kra hai,
utne time ka tax hume govt ko pay krna padega, and jab humne commonly use krna start kra,
to sirf utne hi portion ka tax ay krna padega, jitna ki hum exempt supply krne ke liye us machinery ka use kr rhe h
Thank u so much sirrrr for revision videos🙏🏻
Really ur efforts helps me alot and ur way of teaching is so great.
Bcz of ur videos its possible for me to make all concepts crystal clear😇
Thanks for saving my life
Really appreciate your efforts sir ...Thankuu soo much ❤
Happy teacher's day sir
Sir, your teaching level is op 🔥 TYSM ❤️
Thanks a lot sir for this amazing concepts clarity
Happy teacher's day sir jiiii ❤ u the mine fvrt for taxation 💫 u way to teach is superb ❣
N Alwaazzzzzzz thnkful to you tht u do soo much for us to make ease in our examination 🌟
Through ur videos I'm done wid up direct tax n now start wid up Gst 🌸
Thnku sir .❤
❤😋Thank uh sooooo much sir... For all this.. Apke concepts mind m aahe se bathh jate h... ❤😍
42:00 Apportionment of credit of Capital goods and its Reversal.
reversal amount = monthly credit x exempt turnover/ total turnover
Thankyou so much sir... From the bottom of my heart 😊🙏
Your videos are really Great :)
Thank you very much
Happy teacher's day sir🌹🌹
Very well explained.❤️
Thank you sir .... Waiting for further lectures
Thankyou Sir..🙏🏻
Thanks a lot sir,
Happy teachers’ day!!
Awesome lecture sir 👍👍
Love your lectures
Thank you so much sir ❤️
Sir at 47:30 5% per quarter wali condition nahi lagai aapna ....
Sir Gov ko kaise pata lagega hm Goods or service ko Business mei use kar rahe ya Personal use kar rhe?
Govt ko output tax nai milega to uska ITC bhi avail nai hoga aur agar hamne disclose nai kiya to iska ye matlb hoga hamne output tax ke amt ko supress kiya hai means section 74 ke through proper officer demand raise karega aur fir uss output tax ke samne koi ITC adjust nai ho payega.
Happy Teacher's Day Sir
sir in rule no.43
46:32 in video
sir jab jan to july itc mila hi nhi to fir july se quater basis pe goverment ne itc reversed kyu kiya outsanding tax liablity me ?
Thank you so much sir
Thank you sir for uploading videos ......
Thanks ❤️ Guru🙏
Thank you so so much 🥰🥰 understood😇
is there change is rule 36(4)?
Thnku thnku thnku soo much
Thankyou so much sir!!!!
Sir good afternoon sir
I have registered for ipcc in aug 2016 4 years have completed my registration got expired on 16th aug but in ssp portal it is not showing status as lapsed mine attempt is may 2020 it is merged with nov 2020 should i revalidate it sir
Thank u so much sir....
hApPy Teacher's day sir jeee🙏🤗
🙏👨🏫Happy Teacher's Day, Sir!! 🙏👨🏫
May 2023 and onwards exclude rule 42 and 43 they are not in syllabus
Sir if in coming 60 months if in any month there is no turnover then?
Sir query
example no. 4
Capital Goods Z jo august mein purchase kiya tha non taxable supply ke liye aur Dec mein common use kar rahe hai
to phele 240000 credit ledger mein aagea then hamain common credit ka reversal karna hoga plus 5% quarter ke hisab se extra reversal bhi karna hoga na
lakin solution mein aap ne 240000 ko admissible credit mein add nahi kiya aur 5% per quarter wala reversal bhi nahi kiya??
Tq sir
Sir aapne Taxable supplies main export and supply to sez cover kiya hain, and exempt supplies main bhi R.C.M cover kiya hain.
Export bhi R.C.M main covered na sir.
Little confused sir.
Does that mean EXPORT is covered in both supplies?
40:00 imp
Thanks sir
Sir in case where u said it is used for taxablesupply in jan and then in July it was used for both taxable as well as exempt supply.. So we will be claiming the total itc in jan then y again later we need to claim in July?
We will reverse in July...Not claim
sir ...rule 43...me month bhi to reduce hone chahiye agr ... hm 5% itc reverse kr de rhe h quater base pe ......to life to km ho jayegi n m/c ki ..
But hum original credit se reversal kar rahe hai...Isliye life 60m he lenge
@@CAJasmeetSingh ok sir jii
What is rcm
Exempted supply prr to mai bhi GST pay nhi karoonga, to fir charge hi kiyu karoonga
Very nice video sir
Thank you sir. Sir 43(4) ke example me 5% Per quarter Or part thereof ka provison Q ni apply hua??
Yes sir same doubt
Did you get the answer?
@@ritviktayal1321 no
Nhi lagega 5% per quarter wala rule, 5% per quarter ka rule sirf tabhi lagega jab aap pehle capital goods Ka use EXCLUSIVE exempt k liye karte the and then aap taxable+Exempt dono k liye used Karna start Kar dia.
Jab aap EXCLUSIVE taxable supply karte the and phir aap taxable+exempt supply Kar rahe ho toh waha pe 5% quarter wala rule apply nhi Hoga ,qki jab aap goods ko only exempt supply k liye use Kar rahe the toh , jab tak aap exempt supply karoge tab tak ITC nhi milega, ab qki aap taxable + exempt dono supply Kar rahe ho ,and taxable supply par ITC aapko milega ,lekin July month me ITC Pura 180000 Ka nhi milna chahiye ,qki ye 180000 Ka input Aapka January ko belong karta hai and jan-june tak is 180000 pe ITC milna nhi Chahiye since aap exclusive exempt supply Kar rahe the,toh isliye July me at first case Pura 180000 Ka ITC de dia but phir jitna period tak exclusive exempt supply hua tha,uska 5% every quarter output tax liability me add Kar Diya.
Thank u sir
Sir jo Sec 17(2) hei vo to bolta hei ki sirf taxable supply ka ITC denge but vhi pr RULE 42 btata hei ki hmm dono ka credit de dege taxable + exempt but baad mei ap exempt ka ITC reverse kr dene . To sir doubt ye hei ki agr exam mei que. Aaya to hmm kis provision ko apply kre Sec17(2) ko ya rule 42 .😔 pls rply as soon as possible.
I think so interest rate 24 % lagega?
Bring something revision series exclusively for cma inter students
Sir Mene aapki may 2020 Kai lectures liye hai, to aap please Nov 2020 K liye amendment videos daal dijiye please...
Sir please do rply
Sir, pl make a video on works contract and construction service including REP, RREP, TDR
Sir ye Cma group 2 August me applicable he na...
20:00 imp
32:00 imp
In rule 43 question, for raw material E you didn't divide it by 60 months. And for RM R you divided it by 60 months and it's mentioned that it pertains for December month. Then why did you divide it by 60 months?
Plz see the video carefully...1st of all reversal of RM is done only on the basis of exempted supplies...in capital goods...it is considered that life of a capital will be for 5yrs Or 60 months...so to see the monthly credit...we divide the common credit by 60 months...nd then we apportionate for reversal...
Now in the sum...common credit of RM E has been reversed only by apportionating the exempted part...nd R is not a RM...it's a capital good...so sir divided it's common credit by 60 months to see the monthly nd then he Apportionated the exempted part
Sir when will you upload next lecture
Tuesday
Sir, Section 9 ki lecture kab upload karoge
Gstr 3b is filed by recipient Or supplier??
Every reg person
@@CAJasmeetSingh thank u sir
best
hi sir, can i get these notes?
Well said sir " Dimag me ye baat aachi tarike se toosh lo apne " 🙇♀️😄 It really made me smile.😊 You are Amazing. I love the way you teach. Every concept is 100% clear.
Thank you Sir from the bottom of my heart🙏.
You mean my God to me.
You are the world's best Teacher.💓
Sir what about the nov 2021 exams.. Will u be conducting classes??
We have recorded classes for it
@@CAJasmeetSingh ok sir.. Till when will it be uploaded ??
Sir bahut jyada ad aate he bar bar disturb hota 😫
🙏
Sir if inputs of goods/services used partly for exempt supply and partly for non-taxable supply, then is ITC allowed?
No.
Rule 42/43 kya inter level pe puchege
Chance km....But padh ke jao
@@CAJasmeetSingh thek hai sir ap he koi sum karwa do
@@mohammadlal2521 we did in class
@@CAJasmeetSingh Sir tax ko kaise revise kare take exemption a jaye
@@CAJasmeetSingh Worried about IT...and Gst
Kisi k paas sir k notes hai ky
Sir next class please
Today at 6
@@CAJasmeetSingh Thank u sooo much sir, ur classes are very nice and useful to us
46:00 imp