GST input tax credit, All you need to know to avail it correctly.| ConsultEase with ClearTax
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- Опубликовано: 28 июн 2020
- The input tax credit is blood of GST. Many times we miss it. It may get time-barred. In some cases, we have to pay interest for the wrong availment. In this video, we have tried to compile all provisions of input tax credit to make it easy to understand.
Watch this video for ..........
Input tax credit in GST
Who can avail input tax credit?
Which items are eligible for the input tax credit?
What are the conditions to avail input tax credit?
We have tried to reply to all these questions.
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DISCLAIMER ********
ConsultEase does not agree or disagree with the views expressed in the video.
This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.
Superb briefing on ITC eligibility... Insightful analysis on concept of registered person....
Thanks for clearing my confusion
Mam,
I have a small query about input tax credit claim ... If any registered proprietary firm purchased goods for selling purpose from GST registered supplier, but in case he wouldn't made single sales till monthly return filling due date, in such case do he needs to claim of ITC credit against purchased of goods ? Or to file NIL return without it ??
Please advise 🙏
Ma'am, can you make a video briefing the provision updated of MSME
thank you for clearing all doubts regarding ITC
Thanks mam for sharing excellent knowledge.
Thanks Mam, ITC Adjustment kis tarah karte hai details me guide kar de Mam Please
Mam I have a question how to fill purchase and sell tally data to GST portal. Mam may you make a video this topic.
Hello ma’am, I am in a trading business, I purchase stationery and supplies to school, only schools. As schools does not have any gst number so I am not getting any tax benefits. I always pay tax during purchasing and also submit same tax which I got from schools. So my question is that will I got any tax benefits or my accountant is taking it. I am jot getting anything just paying tax
One more question for gstr9 mistankenly itc claimed in october 2020 was September 20 how will i treatment in gstr 9
All cleared. Thank you ma'am.
Maam Very good information
My request is RCM how to take entry and payments pl make separate video
Mam pls upload one video on supply to other than buyer location.
Mame generally I travel for marketing purpose too kya may hotel bill par jo 12% gst lagta hai uska itc le sakta hoon? And kya p&L may expenses claim.kar sakta hoon
Can we claim ITC on E-tds filling fees?
If i paid gst 0.10% on purchase but not export goods with in 90 days than i paid full gst on purchase along with interest after 90 days through DRC 03 than whether input tax credit to be claim ? as i pay tax through DRC 03
Mam Invoice ki Xerox copy par itc le sakte hai kya?
Should I claim ITC if I buy an AC for office set up
Ma'm kya company ke khud ke trucks h. Goods supply ke liye to un trucks ke service ya unse related input milega ya nhi.?
Ma'am government project me contractor ne apni car use ki hue h jo site use me aa rhi h and iska repair exp ki itc milenge ya nhi
Very useful information.....Thanks mam 🙏
Thank you Maam Very informative video....ek question tha
Maine previous month ka kuch amount ITC claim nahi kiya tha...lekin ab system auto populate me wo nahi dikha raha hai..can I claim the unused ITC..pls reply
Thank You
Inn trucks ka insurance or maintenance ka input le sakte h kyaa?
Hello Mam, kya me land rent exp ki credit le sakti hu - land business purpose k liye rent pe liya hai
Very informative thankyou
Hello Madam Good afternoon
I have one query please guide on this i filed gstr 3b m/o sept 2019 wrong taxable amount filed..and upto feb 2020 gstr 3b filed what to do madam please help on this how to adjustment in the m/o march 2020
Thanks madam for providing such a useful information on itc please provide one session on scheme income in gst thanks
scheme income?
Mam agar plant and machinery insurance karvaya h toh itc milega?
Mam plz tell why Comparison of liability table not working?
Thank you so much
Thank you 🙂
Madam dairy plant production unit ka ek video banaiye paking material me jo gst lagta hai uskha input crd milega kiya
Motar vehicale company ke goods branch to branch transfer karne ke liye vehicale purchase kiya hai to ITC Melega kya mam
Itc on Nil returns???
I am purchase goods in last date of month and input reflect in gstr 2b but goods received next month . So what is the criteria avail the input.
Thanks mam ji
Thanks a lot
Thanks ma'am 🙏👌
Thanks mam
Good Informative Video
Sir Feb21 month ka purchase credit joh 2b mai bhi feb21 mai show ho raha hai , Kya hum April 21 month mai le sakate hai gst return mai ??
Ek concern yeh hai ki meri tax liability 4.25 lakhs me 80% previous financial year ki hai toh woh present financial year ki ITC se adjust ho jaegi na?
Maam itc Or tcs main kya different hai
Hi Ma'am. Can we avail input tax credit on providing technical services?
Mam e-commerce sale pe tcs 1% charge karta Hain. par kiya tds mujhe pay karna parega govt. Ko amazon charges pe? Plz mam boliye ga plz.
Hlw mam I have a manufacturing unit my purchase is @5% and my final outward product is exempted thet the itc will refund or not
Thank you Mam
Personal use pe input tax milega ?
Means mujhe return nehi karna he ...
Madam pls make video regarding how to treat nill rated purchase in gstr 3b. How how to shows in gstr 1
sure
Hello mam
My question is
In case of company distributing packed sweets boxes on occasion of diwali to their employees
Will company allowed to take credit of that purchase?
ITC of offd items in itself is not allowed, also the ITC of a free gift is also not allowed.
What is the time period for claiming the ITC... is it up to the filing of return of September of next year or due date of filing of return of September of next year....? Please clarify...
Time limit to claim ITC against an invoice or debit note is earlier of below dates:
The due date of filing GST return for september of next financial year or date of filing the annual returns relevant for that financial year.
Mem section 16(4) ki date 18-19 extended hogi ki nahi
Mam my business in Agricultural Comodity where 0 tax input or output.
but I want to purchase laptop for business use. should I claim for return laptop invoice.
and should I get gst.
please ans this.
Needful 💐
Thx
If figures in table 8A of form gstr9 are autopopulated only for those of form GSTR1 which are filed by the supplier taxpayers by due date of filing i. E. 31st October 19. Thus itc on supplies of financial year 18-19, if reported beyond 31st Oct 19 will not get autopopulated. Difference amt inwhich colomn we will show. Pl.advise
ITC explained well but As per good news Mantey tax wave off ,how to get benefits on ITC??
Excellent
Good one👌
Agar kisi raw material(cement) par gst 28% hai aur finished product (bricks) par 5% GST hai to is condition (input tax credit) mein kya hoga?
U r missing one more point Mam regarding In-eligibility of ITC that we can’t take itc of those items which r used in a business premise while it was being constructed and some items have been permanently fixed in it like iron used, shutter and other fixed items like that which we can’t take with us after closing the business.
Hi, please make a video on GST on tour and travel agency..
Ek question hai for example meri tax liability 10lakhs ho jisme 80% previous financial year ki hai toh woh present financial year ki ITC se adjust ho jaegi
?
Superb 👍
Export of Agriculture produce, input gst credit of frieght and other logistic or any other charge GST input can be availed refund??? IF YES, HOW PROVIDE ME WITH ANY LINK OF VIDEO OF YOU OR CIRCULAR OF GOVT....
Mam agar road or Nala ka kaam krege to uspe kitna % tax pay krna hoega
12%
I have made payment for a service via my personal debit card for my business,... Can i still claim ITC for it? Plz help
Kitna % gst invoice ka kitna milega
Ma'am half payment 180 dys k andar ho gai lakin itc pura claim kar liya ab gstr9 main reverse kitna kare half ya full or interest kitne par dena h
Hello Madam, I have a GSTIN ON INDIVIDUAL PAN IF I PURCHASE LIP JEEVAN SANTI POLICY WITH 18%,1LAKH +18%=1,18,000.AM I LIABLE FOR TAKE ITC OF INSURANCE COMPANY DEDUCTION GST?
ITC claim kaise karte hai ? Pls koi video hai to share kariye.
Madam pls my cgst my sgst value diffrence pls same krna ke ideas
reverse kar lo...which one is correct>
Main books sell karta hu jisme gst nil rated h......meri tax liability nahi banti h to kya mujhe ITC milega?
Hlw Mam 🙏🙏
My all gst returns are pending from July 17. But now I want to file my all pending return thru gst amnesty scheme. But I had a confusion and that is ,can I am eligible gor taken the benifit of ITC of these months(From July 17). Mam I am requesting you to kindly give answer of my question.
Nice mam
Mam state wali bt bhi bta dena
I am custom agent recently i had purchased scooty for using travel for meeting client not personally use,
So should i claim itc on scooty or not?
No
Wt happens if we claim
NOBODY COULD UNDERSTAND YOUR VIDEOS AND GET KNOWLEDGE LIKE THIS. YOU HAVE TO SHOWN AT VIDEOS WHAT EVER YOU SAY.
Dear mam you not telled about sec 18
Maine party se maal kharida and 2-3 bill Party ne Jan. , Feb . ke sale Ke bill ni charaye and hmko ITC ni mil rha .
Ab mai kya karu ITC ke lite
I'm registered taxpayer but I'm getting invoice in doller for hosting (OIDAR) service, how can I maintain invoices and claim ITC on that that invoice
Pls check if it is an import? You need to pay RCM on that and can claim ITC
Blocked credit U/s Sec-74 is missing..
I mentioned that in some cases ITC can be blocked. Actually, it is for beginners so I wanted to keep it simple.
Mera itc pending hai 31-03-2019 se
Meri february ke return gye hai but march ke nhe
1-4-2019 se aage ka le sakte ho abhi
Thanks & nice video for basic concepts for ITC
Input tax credit in special circumantance sec 18
I am marble export / domestic manufacturer I buy laptops/ pc for office use can I get itc ??
👍👍👍👍
If my gst is less than input tax credit, then govt will pay me 😂, or that extra amount after null return will not be considered
Hello mam
My question is
In case of manufacturing company, if company is providing safety equipment and uniforms under company name to their labour in a factory
And that safety equipment and uniforms would not get back to company means those items will be kept by labours.
Will company allowed to take credit of that purchase?
ITC can be allowed.
Amazing pls speak a bit slow but volume is ok
Mam plz reply mam mere mein Oct and SEP month purchase. Ki 7 invoice miss ho gyi thi but ab mil gyi Hain kya march month 2020 mein unka input tax credit le shaktey Hain ..ya pir annual return mein hi Sahi hoga..but ABI march Ka return fill nhi Kiya Hain kya march month mein input mil jayga ...pls pls pls clear ma.
And gst porta mein vo purchas ki invoice show ha
Agar doubt clear karana ho to leave your mobile number here. I will contact you.
💕
Madam please also share summary or pdf file of this video
Dear Miss, I have only purchased two different items with my GST no. for personal use. And I have filed Nil return in GST R - 1.( No any sale or supply in last month) . Am I eligible for the ITC claim or in GST - 3B ?
And kindly please suggest me, shall I file Nlil Return also in GST R -3B, similar to GST R - 1 ?
Yani government itc kisi ko dena nahi chahata hai
Waaaow mam, thank you infintely...💘
😉
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मेरा GST नंबर बंद हुआ था, मैने उसे रिओपन किया है और मैंने सारे रिटर्न्स भरे है, लेकीन मेरे कस्टमर को उनका इनपुट टॅक्स क्रेडिट कसे मिलेगा
अगर कोई दूसरा व्यक्ति किसी के GST नम्बर पर माल मगांलेता हे तो उसको कैसे कैंसिल करै ।सरकार ने इस के लिए क्या पृवधान किया है बह हमारे ईनबाईस है नही उसे रिजेक्ट कैसे करे
आखिर input tax credit है क्या?
Mam whatsapp pe reply kro na kuch queries hai meri
Too much complications 😔😔