IDT Revision CA/CMA Final May 24 & Nov 24 | Refund Under GST | By CA Surender Mittal AIR 5

[@vamsi1]

00:03 Import of goods and services under GST 01:57 Import of goods requires payment of custom duty and IGST 05:47 Tax implications for online service providers 07:40 Intermediaries in service transactions have no role in determining the supplier or payment for services. 11:51 Foreign companies need to incorporate in India and have a separate existence. 13:48 Establishment of Distinct for Branch or Office outside India 17:53 Refund under GST explained 19:38 Refund of Input Tax Credit (ITC) can be claimed by taxpayers 23:12 Refund process under GST for exports 25:14 Refund process under GST explained 28:51 Concept of export and index post 30:37 Refund under GST is available for goods exported by a merchant exporter 34:17 Refund under GST can be obtained in two cases: exporting without payment of tax and paying GST but not utilizing ITC. 36:27 Explanation of tax refund process under GST 39:59 You can apply for a refund under GST if the refund amount is more than ₹1000 42:04 Proving non-transfer of tax burden is essential for getting refund. 45:48 Refund under GST can be applied for anytime within 2 years from the relevant date. 47:41 Exporters can claim a refund under GST based on the date of invoice or payment received. 51:35 To apply for a refund under GST for exports, file a refund application with the required documents. 53:26 Easy Refund Process Under GST 57:33 Refund process for accumulated unutilized ITC on zero-rated supplies without tax payment 59:33 Calculate the refund for zero-rated supplies and exports. 1:03:28 Refund under GST for zero-rated supply 1:05:11 Supplies can come from various sources 1:09:04 Exam supplies are related to turnover and can impact ITC eligibility. 1:11:09 Refund under GST is available to suppliers who meet certain criteria. 1:14:57 Refund of Rs 10 lakhs under GST 1:16:45 Domestic value should be considered instead of 10 lakhs 1:20:44 Refund can be claimed for goods exported without payment of GST 1:22:29 Inverter duty is not applicable due to lower input tax rate 1:27:06 Refund process for accumulated Input Tax Credit (ITC) under GST 1:28:50 Input services will not be considered. 1:32:39 Inverted duty supply example with electronics manufacturer and rates of goods 1:34:33 Tax rate on output is 28% 1:38:03 The minimum refund amount will be worth 2.5 lakhs 1:39:42 Refund process under GST 1:44:14 Refund process and timeline for GST 1:45:52 Refund process under GST with exceptions.

[@IshaVirmani]

Thanks for your effort!

[@priyabratamohanty3182]

Thanks

[@downtowrite]

21:46 Rule 96A (Bond/ LUT Procedures)

[@SAA_1585]

00:02 Import and export (includes OIDAR Services and Zero rated supply) 34:30 Refund

[@margiemavani]

FAR better than regular batches where hours are more and content is less🙄🙄🙄🙄

[@meghasingh5791]

Refund chapter - 34:19

[@parthmehta213]

14:45 Zero rated supply including difference of ZRS with Bond/LUT (Without payment of tax) vs ZES by payment of Tax 28:55 deemed export

[@parthmehta213]

31:21 merchant export 34:20 Refund starts 50:05 Detailed procedure of refund in case of Zero Rated Supply (Export/ Supply to SEZ) by Payment of Tax(Without Bond/LUT) 54:24 Detailed procedure of refund in case of deemed export 57:33 Refund of unutilised ITC 1:13:42 Example 1:19:00 Circular on goods sent outside india on sale of approval basis 1:22:25 Rule 89(5)Refund of Accumulated ITC in case of inverted duty stucture 1:37:35 maximum refund allowed in 89(4) and 89(5)

[@parthmehta213]

1:39:50 Refund of Foreign embesy / UN

[@parthmehta213]

1:42:50 Detailed procedure of refund in case of

[@ashishkanojia8592]

Hats off sir. Man'na padega.. Far better than my Regular lectures. You guys are on Mission. 💯

[@sourabhrawat4179]

starting to 34:20 - Import and Exports 34:20 - Refund starts

[@deepaksoni7617]

I don't think, Other faculties can match the level of conceptual clarity of this revision video even in their regular batch.

[@SakshiPalande.]

Agreed👍🏻

[@Sankhla_yash01]

1:26:00 Inverted Duty Structure

[@nadiyasheikh772]

Thank you so much sir... Aapne bacha lia warna revision me bhot problem ane wali thi.. aapko dua lagegi humari🙏

[@kaustubhjain4021]

This guy! Legend. IDS and ZRS refund were never so easy

[@arhamvaidmehta8309]

29:36 Deemed Export 29:36 Merchant exporter

[@ca_soft_lion]

57:33 Refund of ZRS w/o payment rule 89(4) 1:22:22 Refund incase of IDS rule 89(5)

[@ss_Archives]

Refund Under GST - 34:19

[@parthmehta213]

Scret of higher result in G2 is nothing but Atul Agarwal and team # Truely it prepares you for AIR1 as per its name AIR1CA Academy 😇

[@parthmehta213]

very much better than 15-16000 Rs. feculty

[@tespinance7074]

00:25:37 * All Registered Person except prosecuted for >250 lac

[@eshanjain8571]

00:02 Import and export 34:30 Refund

[@bikaspandit8192]

1:13:33 Example of Refund calculation

[@Sigmashu09]

Me regular lectures nhi dekh skta me ca bhi nhi kr rha but gst ki knowledge lene k liye aapke revision lectures dekh rha hu😂😂😂 really it's great i'm learning more and more day by day

[@rahulyp837]

Really helpfull.. He has put all his efforts to explain everything

[@HarshGupta-ew8dx]

Such a comprehensive video with detailed explanation of all the provisions in a very short time frame. Thank you for making it simple to grab, sir.

[@parthmehta213]

This chapter was fobia for me. now its damn easy and scoring. Exemption pakka

[@dhavalsoriya9896]

00:14 import export under gst 34:28 refund umder gst

[@honeychaturvedi6676]

Crisp and to the point revision with practical examples. 💯 Thankyou so much sir.

[@CA_Mansi]

itna tuff chapter itna aache se pdaya !!!! hats off sirji

[@aryanaryan9409]

Bhai mein ₹ 18500 spent karke ek celebrity faculty se classes liya tha lekin sach bol rha mera IDT ka conceptual clarity yaha Atul bhai k channel mei clear hua hai....uss celebrity faculty ne mera time aur money dono waste kiya!

[@sandippandey2052]

same here*VB😂

[@enter10mentCA]

Vishal bhattad hi boldo😂

[@sandippandey2052]

@@enter10mentCA 😂😂😂👏

[@lethal_vamp1998]

Chal na be... teacher ka padhaya va samajh ni aaya kmse km apmaan toh mt kr ksi k promotion k lye 😂😂. Trese CA paar nai padni tu bs attempt dekr CA chodne vaalo m se naa hojae kuki glti teacher ki nai tere dimag ki h jo shayd hai nai or fr log icai ko dosh dete hai 😂😂

[@trishkor-yd4fq]

Same here bro..

[@yashjain3930]

Hats off to Atul sir khana se mile gst ke sir matlab bhai study karne maja aajata ...sahi bata raha hu pehele baki faculties ko dekh bohot bor marta tha aab jo change aaya hai mera study me .....maza aagaya❤❤

[@Cleaningovergrown]

Refund chapter starts from 34:27

[@nishabansal9074]

Sir the revision videos as well as the notes are too good... The level of clarity teachers don't even provide i regular batches whichhave been summed up in these revision videos

[@beaspired1907]

Feeling highly satisfied All concepts are crystal clear was confused between supply with bond lut & when w/o bond lut reading concepts after this lecture is super easy hope to score good in may 2024 Thank you sir 😊

[@rahultiwari5364]

Sir aaj mujhe pta chala ki koi aur bhi hai jo IDT ko itna aache tareeke se samjha sakata hai. Aapke revision video se pahle maine kis aur ka revision delh rha tha 2-3 chapter kar bhi liya tha but utna clarity nhi thi. But aaj aapke is video se bahut hi aache se samjh aa rha hai. Ab toh mai aapke hi revision videos se apna idt complete karunga. Thank you so much surender sir and all other facilities of AIR 1 CA. aap log bahut accha padate ho.saara subjects aapka accha hai❤

[@mubashircm9490]

01:31:55 - Formula explanation

[@CAsaikiranpanchala]

00:34:18 refund chapter starts

[@Vaishnav-ng2lq]

Radhe Radhe 💯 Hats off to ur teaching 🎩💯

[@pujarevankar8198]

Thanku sir, For clearing concepts in less time🤝

[@namratamobarkar732]

you teach so amazing! after trying everything i finally got this perfect revision lectures.. Thank you so much for you handwork and this free content!

[@VishalAManglani]

Way good than the faculty which I paid for over 12000. Truly a wonderful experience from @surender mittal sir. Thanks a lot #AIR1CA Team

[@manujdangayach3262]

Till 50:00 just basic concepts (note 4 myself)

[@manujdangayach3262]

1:12:20 89(4A), 89(4B) confusing

[@manujdangayach3262]

1:22:30 inverted duty structure

[@ektag2776]

aap pehle aaye hotey toh aapke he full lectures lete sir!

[@GoldenSunrise2190]

1:09:57 demmed export

[@sourabhkhetan6205]

Radhe-Radhe💙

[@CAPRATIMA]

Bond/lut : 22:00

[@harshitaaggarwal5799]

Radhe radhe sir. Sir exam mei answer kaise likhna hai. Mujhe concept clarity h or key words bhi pta hai but question bank ke answers mei bahut sara content likha hai, kya exam mei question bank vala content likhna hoga ya conceptually answer frame krke likh sakte h? Please reply sir, I have my first attempt in Nov 24.

[@Gautam-f4c]

U MADE THIS CHAPTER SO EASY

[@amoddubey4982]

I think.. please correct me if I am wrong Time limit is 18 months from Relevant date and not 2 years....in case of UIN holder

[@GMsalvii]

I think it is 2 YEARS plz check

[@pranaychiwande6457]

It has been changed from may 23 attempt and onwards now it is 2 years

[@subhamagarwal4091]

Start of Refund Revision........50:00

[@tusharvijay9601]

bond/lut -96A 22:00

[@poonambaghela1397]

In case of deemed export ....supplier recovers the gst from recepient?

[@VivekSharma-yi5wx]

Yes, supplier recovers from recipient. Thats why recipient has option to claim ITC.

[@sruti5679]

OIDAR 4:08 end 9:29

[@niveditanaidu5558]

Explained every point so well !! Thank you Sir.

[@devendradiwan7950]

34:30 Refund Revision

[@tanujsharma3977]

Thank you so much IDS ka new wala part clear nahi hua tha now cleared

[@kingashish4579]

At 1:43:33 Refund order should be issued within 60 days (isme koi circular aya tha na sir ki 60 days ke credit in bank ho jana chaiye, then accordingly, all authorities changed the limit of 60 days to 45 days) To fir. Refund Order ki limit should be considered 45 or 60? Apne sirf 60 days discuss kiya

[@air1casurender]

Consider 60 days only that was just a instruction to officers by CBIC not relevent from exam point of view

[@kingashish4579]

@@air1casurender thanks bhai

[@saloniagarwal5652]

Explained in a very simple manner. Amazing.

[@dhruvteja465]

Tq is a small word for ur explanation sir 🔥👏

[@CAFinal-mr8ko]

Day-3/12 Radhe Radhe❤

[@ishanhardia]

1:19:00 LDR

[@harshadbaranwal8052]

Thank you so much Sir 🙏😊

[@Lishasoneja]

Sir goods imported by sez and import of baggage are exempt from IGST or not because in the updated notes it’s different

[@tanishqjain132]

3:55 OIDAR services 28:33 If Export ke liye kisi maine Foregin ki help li, to deemed full realisation Maan liya jaayega

[@tanishqjain132]

18:24 export under LU%

[@subhamagarwal999]

1:22:28 inverted

[@agrawalrocks4725]

Thank youu sirr!!

[@caharshitagarwal]

sir, export of service ke case mai hum capital goods ke ITC ka refund le sakte hai kya??

[@murlikumbhkar2752]

Haa le skte he but capital goods ke itc ka refund nhi le skte he

[@meghnarastogi3161]

Capital goods ka refund ya uske itc ka refund Pls clear

[@caharshitagarwal]

@@meghnarastogi3161 ITC ka refund

[@kajaltarway]

Capital goods ka ITC le skte h ..but refund nhi le skte

[@xxcrap]

09:30 Export under gst

[@saumyatripathi9429]

Thank u so much sir 👍👍best faculty

[@ca.keshavmittal]

REFUND 34:00 54:41

[@rajivbhatt2713]

sir when will be start yr new batch for May 2024 ca final IDT?

[@catalkswithnoor1758]

21:51 bond / Lut

[@PankajSahu-zd4xn]

Jai Siya Ram har har Mahadev Jai maa Kali 🙏🙏🚩🚩🙏🙏

[@shalvipatil217]

34:39 refund chapter

[@Adiii.9]

1:17:00 1:41:25 1:30:01

[@rishabsuvarna1878]

Deemed export (refund) 54:41

[@manish00010]

refund 34:25

[@agrawalrocks4725]

58:00 rule 89(4)

[@shahistameherally8544]

Flawless explanation 👌

[@chiragpatel6244]

Doubt.... Adjusted total turnover me t/o of service inculde nai hogi ..... To fir eg me kau include kiya hai ?

[@air1casurender]

Include hoga

[@chiragpatel6244]

@@air1casurender kese bhai ... To fir notes me to na bola hai

[@air1casurender]

Ek baar ache se fir dekho usko exclude karke firse include Kiya h

[@RahulChachada]

Dil se shukriya sir ji❤

[@vidhiagarwal1632]

ye nov23 k liye with ammendments h na

[@harshitaaggarwal8070]

12:00 EODP

[@charteredManas]

This was very useful sir.Thankyou.

[@GurmeetSingh-sw9ot]

Thank you sir, 🙏🙏

[@aneesabegum4056]

Refund Chapter 34:11

[@anshsankhla7828]

Sir is this topic Rule 96 - 50:15 ??

[@ShravanKumar-qx1kc]

students need this type of explanation and clarity, his other chapter's video doesn't have that. What Atul sir does is this kind of revision, he will make students understand the concept even though they are first time listening for that subject. Surender did the same in this revision. Thank you

[@CMAwings.]

Amazing revision ❤

[@ashwanijaiswal6635]

Sir frst of all apko dil se dhanyawaad i am so grateful to you Second, Sir ye same notes channel p available ni hai .Mujhe y notes chiye kha se milenge ?? Plz btaiye

[@air1casurender]

Notes available on website

[@ITISHAJAIN-b6e]

34:30 Refund

[@Cmakunal2023]

21:45 bond lut

[@ruchitabhartiya3020]

Sir mjaa aajata h aapse pdhkr

[@mohammadanas6757]

Interest 1:44:00

[@fareezmohammed9230]

Refund 34:32

[@palkiandmuskan2507]

Such an informative video with crisp explanation 😊😊

[@aaokuchbaatkre2350]

pos outside india and recipient in india, whether it will be exports?

[@Yoyo098]

34:32 refunds

[@chethanabhat6322]

9:35 export of G & S

[@jaideepjain2]

thank you sir it is very helpful

[@Mathslearner987]

Refund 34:30

[@akshitajain397]

34:00 refund

[@DhananjaySolanki-y9f]

Thank You Sir 🙏