Understanding the Latest ITC Rules for Input Tax Credit in GST ft

Рет қаралды 94,895

9 ай бұрын

In this video, we delve into the recent changes in Input Tax Credit (ITC) rules related to GST, specifically focusing on the utilization of ITC for various types of taxes. We explain the four types of taxes under GST, including IGST, CGST, SGST, and UTGST, and how ITC can be applied to each. We also explore the key provisions of Section 49A, Section 49B, and Rule 88A, as amended in GST Circular No. 98/17/2019. Additionally, we clarify the order of utilization of ITC, as per the provisions of Section 49 of the CGST Act. Stay informed about the latest updates in the world of taxation.
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Пікірлер: 195

@mohammadfarooque6673 5 ай бұрын

Sett off को लेकर मेरी देखी गई अब तक की सारी वीडियो में ये सबसे शानदार और आसान वीडियो है, जिसे ये समझ ना आया हो वो अकाउंटिंग छोड़ कर कुछ दूसरा काम कर ले.......इस वीडियो के लिए दिल से आभार और धन्यवाद सर।

@rudrakantjha2712 9 ай бұрын

Your video is best in terms of clearity of concepts and practical knowledge.❤

@kamleshlalwani1231 8 ай бұрын

Sir this video Is very Useful For ITC Related Query& Set Off.All Doubts Are clear Regarding ITC Thanks A Lot Sir.

@itsvinitsingh 9 ай бұрын

Namaskaar sir... Thank you So much 36 minutes ka video itne interesting dhang se aapne concept clear Kiya ki pta hi nhi chla video kab khatm ho gya ❤

@FinTaxPro 9 ай бұрын

Glad you like it.

@pushpashinde1644 Ай бұрын

Best teacher ever, enta achha koi explain nhi karta, aapke video dekhne me mood achha hota hai

@ketanramdharne3200 6 ай бұрын

Really Superb explanation ekdam step by step We want more such useful videos sir

@carahuljain3964 9 ай бұрын

Explained nicely, thanks Vivek for such an amazing video that has been really helpful in our practical field!

@FinTaxPro 9 ай бұрын

My pleasure

@vikasmehta3572 8 ай бұрын

Thank you sir for such an amazing content

@sudipagarwal4548 9 ай бұрын

Ist video on you tube. For itc claim and utilisation with practical thanku so much sir...

@FinTaxPro 9 ай бұрын

Most Welcome

@swayamjain451 9 ай бұрын

sir literally aapki practical videos me itne achee se dekhta notes banata explanation bhot achaa krte hai nd man bhi lgta h itna theoritical videos me man nhi lgta itna

@FinTaxPro 9 ай бұрын

Glad you like it

@MohdShahid-mq5ft 9 ай бұрын

Usefull video Sir 👍... Thank u

@savithanair3480 9 ай бұрын

Thank you Sir, you explain really well

@nvbchannel2348 5 ай бұрын

This is best video.Thank you

@neerajdeshwal7150 5 ай бұрын

Great teaching, clear all concept

@mdqamrealamgulrez3712 8 ай бұрын

Nice explanation about ITC

@khushboogupta4666 2 ай бұрын

Best video clear all concepts Thanks sir

@RaviKumar-os8fp 8 ай бұрын

Nice Sir, Theory is Cleared

@vedamysore1727 4 ай бұрын

Very nice explanation thank u

@kambojuhari8666 9 ай бұрын

Thanku you sir great explanation

@user-sp7di8ij4m 9 ай бұрын

Sir , while claiming deduction u/s 80 Dd ( disable person medical rxpense and maintenance) we have to file form 10 IA . Can we upload disability certificate in attachment.

@rajnimassi570 5 ай бұрын

Bahut badhiya sir🎉

@sanjaykumar-zz1kc 3 ай бұрын

Your video is best

@chandankumarpandey1564 9 ай бұрын

Very nice and informative session..May god bless you

@FinTaxPro 9 ай бұрын

So nice of you

@saurabhmittal8747 9 ай бұрын

ITC Claimed & UTILIZED BOTH

@anirbanpatra6898 29 күн бұрын

Thank you so much Sir,

@bhaskarbahuguna4688 9 ай бұрын

finally get ITC setoff explanation video 🙏

@FinTaxPro 9 ай бұрын

Glad you liked it!

@LaxmiSingh-qm8pu 7 ай бұрын

The best Ever video i found on KZfaq ❤ so easy to understand thanks 🙏

@FinTaxPro 7 ай бұрын

Glad it was helpful!

@devranswal3726 6 ай бұрын

Superb way to explain the set off rules great vivek sir

@vikitashinde1445 8 ай бұрын

Agar d mart se product khardia or sweets leliya customers ko or employees ke liye to uska Itc claim le sakate hai kya

@vijaykashid3129 4 ай бұрын

Sir , mera feb 2022 me gst ITC claim krna rah gaya tha, toh abhi mai feb 24 ya fir mar 24 me claim kar sakta hu kya

@purushottamdash3188 2 ай бұрын

Nicely explained sir 👌

@jayashreesuryawanshi8422 4 ай бұрын

Very useful hai sir

@KR756 5 ай бұрын

Sir, jab composition dealer dusre composition dealer se purchase karta hai toh reverse charge lagta hai yaa nhi , yadi lagta hai toh kitne amount ke purchase par lagta hai vo limit kya hai

@santoshjoshi8214 9 ай бұрын

Teaching of GST Really fantastic, even common man also understand

@gauravganjare8858 9 ай бұрын

Hello Sir Can u just help/Guide with filling of ITC-04 Return For Job work Jewellery and others

@msd.dhiman 4 ай бұрын

Baht badiya

@pushyamitra. 8 ай бұрын

Thank you sir🙏🏻

@gracethangundi7146 6 ай бұрын

Best video sir, Thanks a lot 👍👍👍👍👍🙏🙏🙏🙏🙏

@FinTaxPro 6 ай бұрын

Most welcome

@vipul2465 8 ай бұрын

Superb sir❤️

@chiragchaudhari3075 Ай бұрын

👌 best video sir....🎉

@musicallrounder4849 9 ай бұрын

Sir kya ecommerce platform ka ITC claim kar sakte hai 🙏

@shortvideoonaccounts8683 6 ай бұрын

Thanku very much sir

@vikitashinde1445 7 ай бұрын

Sir aagr ITC liya hi nahi matlab jiska ITC nahi liya ni nahi 0 dala toh chalta hai kya without any reporting

@kahiroowala 8 ай бұрын

Itr invalid due to non verification Hamara sawal itr e verify same day kiya phir bhi itr invalid hua h wo sahi kaise hoga, hamara itr nill ka h oct me bhara tha 7 ko pr aj invalid dekha h

@Krantikishayari 9 ай бұрын

Thanks sir🙏

@amolsamant6326 7 ай бұрын

Bills for the year 22_23, accounting entry done in 23_24 , ITC available in 2B in 23_24 and utilsed in 23-24. How to show this in GSTR 9 & 9c of F.y 22_23

@manishrawat6764 8 ай бұрын

Interest calculate on ITC Utilisation 🎉❤❤❤🎉

@rajeshgupta2218 9 ай бұрын

Thanku Sir

@FinTaxPro 9 ай бұрын

Welcome

@lifelinehealthcare5003 3 ай бұрын

Kind information I need sir not submit returns due to cancellation is possible to claim itc

@shivashankar7859 9 ай бұрын

where to show ineligible ITC under RCM and IMPORTS

@Funnyvideos-nk3vm 9 ай бұрын

Utilisation pr count krenge

@reshiimran1991 9 ай бұрын

Thanks sir g

@vinodvaid9643 9 ай бұрын

Very well explained...

@FinTaxPro 9 ай бұрын

Thank you 🙂

@angrymeow2663 5 ай бұрын

Thank you

@joshymb6337 8 ай бұрын

How can i remit un utilised ITC wrongly taken

@user-kz8sb6qm9p 5 ай бұрын

Thanks

@mohanjhanginia3115 8 ай бұрын

Itc utilisation per interest dena hoga.

@ipsitaswain635 9 ай бұрын

Int. applicable if ITC utilised

@kaseraashu221 9 ай бұрын

Thank you sir ji 🙏

@FinTaxPro 9 ай бұрын

Most welcome

@mlnmurthy5325 9 ай бұрын

Namaste sir Thanks Super video on it. Murthy

@FinTaxPro 9 ай бұрын

Thanks and welcome

@sangeetasen842 2 ай бұрын

Sir with example with practical ke sath samjhaie

@devindersethi14 8 ай бұрын

Good

@user-eg8zg3dd7o 6 ай бұрын

Sir. can u make video on gst -itc & depreciation on capital goods from both seller and buyer side and it's effect in gstr1 & 2b.there is confusion about 100% itc or itc in installment on capital goods .full gst will show in 2b & buyer have to make reversal for installments.what is latest rule?.pls reply

@VanadaRane-ln9nz 9 ай бұрын

Interest Applicable in ITC Utilized

@MukeshGupta-kp5gf 4 ай бұрын

Sir ye apne Excel par bataya portal par kaise hoga

@mohitbansal832 9 ай бұрын

Sir Agar total sale ka 20% sale sez unit ko hai ji without gst hai to input credit purchase ka full clam kar skatai hai ya input ka 20% reverse karna hoga

@anjalijain4626 5 ай бұрын

If you get reply, plz share

@amitbhagwat3835 7 ай бұрын

Pichle mahine use kiya hua itc is mahine me bi dikha raha he to kya kre

@kuldeepkumar-tw1kv 5 ай бұрын

Tq sir

@SauravKumar-id1kb 9 ай бұрын

Thanks sir😊😊😊😊

@FinTaxPro 9 ай бұрын

Welcome

@mubarakshahquadri3501 9 ай бұрын

Interest will be levied on excess utilized itc

@dipalshah797 8 ай бұрын

The aim is to utilise the ITC in such a way that there is no need or minimum need to make payment in cash. This is what GST Tax planning is. Further, interest is charged upon ITC utilised.

@Rvg_mukund99 6 ай бұрын

😅😅

@ashishbharti5757 9 ай бұрын

interest calculated on itc utilization amount

@mukeshvaishnav3526 8 ай бұрын

F.Y. 22-23 M EXCESS ITC 3B M CLAIM KI H USKO 3B M REVERSE TABLE 4 M KAHA PER SHOW KARENGE. THANKS IN ADVANCE

@ajaytripathi5323 5 ай бұрын

Pls also provide Journal entry of setoff

@anjalijain4626 5 ай бұрын

Sir it's good and understandable.. plz make a video for how to file Gstr returns of restaurant service who provide dine in and thru swiggy Zomato and important point is that if we choose qtrly scheme then how to file GST returns of this

@akshaygurav4448 6 ай бұрын

Sir tax return, GST &TDS video bnao

@shanu2376 9 ай бұрын

Hmare portal pr bhi SGST itc jade chal rhi h

@arttime3911 9 ай бұрын

Sir 5th example me apne CGST ka ITC IGST se adjust karne se phle CGST se adjust kara hai kya aise kar sakte hai ya phle IGST se adjust karenge aur uske bad CGST???

@FinTaxPro 9 ай бұрын

Ha usme koi issue nahi

@aaaa3540 7 ай бұрын

Itc utilisation par interest lagega

@debabratachakraborty211 9 ай бұрын

Interest is charged on ITC utilisation @18 % p.a

@irfanmansuri7118 Ай бұрын

Intrest can charge on utilization itc

@Sri_Queries Ай бұрын

Hello Sir, This video was excellent and very informative.🙏 Thank you so much sir I have a problem in utilizing my GST credit due to this order of utilization priority. My situation is similar to example 5 you have shown Is there any solution to utilize SGST credit for IGST liability before exhausting CGST credit in electronic credit ledger ? why is the government setting this priority guideline in way it become a hurdle for business activity ? Can you please help Thanks in advance.🙏

@user-yc1yu1ne2j 9 ай бұрын

Interest will be charged on ITC utilisation

@mrinfo1734 9 ай бұрын

Mera ek client h wo contractor ka work krte h.. Unko ek tender mila h company ke taraf se.. To wo company walee pf registration doc mang rhe h ! Plz sir samjha do ye kya hota h or kese kre pf registration

@amanjoshi7854 8 ай бұрын

super duper

@akashkoshta8293 8 ай бұрын

Sir ji 22-23 me mene jayad itc claim kar liya hai usko reverse kese karnge

@b.k.choudhary1057 5 ай бұрын

Sir, aapka GST course join karna chaahta hu but kya online course se completely learn karne ke baad apne return filling job me success ho sakte hai?? Jaise ki novice doctor to chir-faar, sui sarkaari college me gareeb mareejo par practical karke seekh leta hai par accounting profession me kaha par log seekhne dega apne gst ligin id se... iske liye to fir CA office me job join karni paregi. Aajkal waha bhi novice ko chance nahi milta hai.

@harshadvarsani5826 9 ай бұрын

Very good information

@FinTaxPro 9 ай бұрын

Thanks

@ManishKumar-wk6kx 9 ай бұрын

Both, claim and Ultilasaton

@singhnitinkumar5168 9 ай бұрын

Both words are different.kindly brush up your knowledge.

@VijayKumar-yc2lz 7 ай бұрын

सर आपको काफी समय से देख रहा हूं। पहले आप स्वस्थ दिखते थे अब नहीं, जिम कर रहे हैं तो ठीक है वरना हैल्थ चैकअप कराना नहीं भूलना 😮😊

@FinTaxPro 7 ай бұрын

Gym, Exercise & Running plus diet on point hai and yes fit rehne k liye checkup bhi karata hu regularly. Thank you aapne itna socha 🫡

@farheenahmed242 9 ай бұрын

Interest will be charged on itc claim

@zubairabidin4044 7 ай бұрын

Your videos are easily understandable,,, gr8 work... Just i have two questions, my ITC was not reflected in 2B, is it because my business was with some one whose GST was on quarterly and mine is on monthly scheme? however my consultant already claimed it in 3b!! and to my surprise it got auto populated too,,, now comes the second question, will i be fined do to the above action? please reply

@ankitjoharistockmarkettrad3907 6 ай бұрын

Quater Wale IFF monthly fill karte hai toh toh purchase Kane Wale party ke 2B me reflect karta hai

@gauravnaliyapara1710 9 ай бұрын

CGST & SGST NOT SETOFF IN CROSS

@pramila7693 5 ай бұрын

Interest will be changed on ITC utilisation

@khushbu6058 9 ай бұрын

Sir one query can we adjust igst payable from cgst n sgst proportionately

@charteredaspirants9149 9 ай бұрын

In any manner

@sanjayjha226 9 ай бұрын

Intrest levy for ITC utiliztion

@gauravnaliyapara1710 9 ай бұрын

YOUR SEND ITC CHAT IN 4TH POINT IS WRONG SETOFF PLEASE CHECK DETAILS

@NVAssociates606 9 ай бұрын

I have an question that can we claim itc of bank charges and bank interest and loan processing fee

@FinTaxPro 9 ай бұрын

Yes

@user-tp4nz7nj9o 6 ай бұрын

Bank charges, loan processing are fall under gst scope and eligible for ITC.

@savitahiremath6342 8 ай бұрын

Interest on utilised ITC

@atharvagupta9109 2 ай бұрын

Sir why there are are CGST & SGST when u are purchasing from State to another state then it's IGST when we purchase From Union territory Like Delhi Jammu and Kashmir Pondicherry then It's is CGST & UTGST