How is GST ITC Scam done? Most Detailed Explanation by CA Sahil Jain

In this video, I've explained the entire Modus Operandi of Scamsters that engage in GST ITC Scam. Who does what in the scam has been decoded in this video with the objective of imparting practical education to students.
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[@TaxationWithCASahilJain]

The tax evasion demonstrated to you in this video is just the tip of the iceberg. We can dive deeper into much more technical stuff by involving reverse charge, mandatory filing of GSTR 3B, ways of making sure that tax collected from you has been paid etc. However, the idea behind making this video was not to make you a GST expert overnight. It was to give you some food for thought. Consider it as a trailer before you watch the entire movie. Depending on how interested each one of you is to know more details, I'll take this process of learning further. Happy learning ❤️

[@n.satyanaryanchoudhury4175]

Sir security services is under rcm and recipient should pay the tax to govt ??

[@user-bd4gp3gm8f]

@@n.satyanaryanchoudhury4175 he has took just as Example

[@user-bd4gp3gm8f]

Sir i have an idea about how bill trading occur but consequences from sode of supplier not known

[@user-bd4gp3gm8f]

Amazing

[@ROHITKumar-fy4fi]

@@n.satyanaryanchoudhury4175 under rcm only if services provided to other than co.

[@rajshreemantri6918]

This guy should be the director of the next season of the "SCAM 1992"!!! 😂❤️

[@vigneshyadav5076]

Did u understand at the last tell me I have less command over Hindi Didn't understand property can u help me out

[@hzusjzhizuavbmvcmvjhhg3528]

Not director ,but hero of scam 1992 next season 😎😅

[@sitarammalviy5457]

@@vigneshyadav5076 tell me from which time stamp you don't understand

[@vigneshyadav5076]

Last 4 minutes broo

[@harshitsharma790]

Yes he unveiled the thing which was confusing me from a long time

[@kapoorvishal5719]

Yes sir we want to know more about it , its really interesting .

[@The_Vinitio]

Reallly reallly insightful video Sahil Sir.... I think i've never seen anyone to create such kind of content for CA students ....would love to know more such scams or cases i must say...!Thank You...!🤞🏻

[@harshh_42]

Yess

[@theilearn999]

Ek sawaal agar maan lo chintu genuine business krta h to uski double income ni ho jaayegi ek to consumer vaali and ek dj vaali to usko to nuksaan hoga overall income tax m even after receving commission

[@sahilagrawal9799]

​@@theilearn999same doubt tha phir maine socha chalo cash me krta hoga then next doubt is 😅😅😅 Hello sir, i have doubt till 10:49 you said Chintu ko 1 lakh ka fayda ho gya to sir use 152543 ka loss bhi to ho gya as use utna gst pay krna pdega Isse bdiya kya krta jo usne 10 lakh kamaye h customers se in cash wo paisa apne pass hi rkhta bank me jama hi nhi krata to fayda tha na Apke case me to around 948000 hi mile Aur mere case me uske pass 10lakh rhe Please reply 🙏

[@venkatasasi5221]

Marvellous sir, really learned a lot from you sir. 😂And the way you said "Manpower hai kya" really felt like somthing else😂😂, like some illegal stuff

[@nitaipuri1999]

This is what real knowledge is sirr!!! You're the bestest teacher!! Keep Uploading such off syllabus items which are related to our CA fraternity, these videos are soo interesting ❤❤❤

[@venkatalakshmanakumar.c554]

Really nice presentation!! One should realise that one cannot escape from scams in tax evasion.... it's matter of time!!

[@sahilagrawal9799]

Hello sir, i have doubt till 10:49 you said Chintu ko 1 lakh ka fayda ho gya to sir use 152543 ka loss bhi to ho gya as use utna gst pay krna pdega Isse bdiya kya krta jo usne 10 lakh kamaye h customers se in cash wo paisa apne pass hi rkhta bank me jama hi nhi krata to fayda tha na Apke case me to around 948000 hi mile Aur mere case me uske pass 10lakh rhe Please reply 🙏

[@yashjasoriya1567]

Sir has much more experience in his field than others 🔥🔥🔥🔥

[@poojanmankad1749]

Now I got clear idea why govt introduced 17(5) block credit provisions 1) all these businesses mostly have cash receipts 2) are of personal in nature 3) invoices can be traded Great explained sir 🔥🔥

[@himanshu_sharma15]

Absolutely we love to know such stories.

[@shubhankar_tengshe]

Criminal Mind😅

[@cayogeshthenua9004]

20:18 here it is not possible becuz when register they ask for Addhar authentication....even if chintu is successful ..there will be a Visit by Proper officer to the principal place of business he will verify everything... Further, Chintu Recieved 10 lakh from Customers ( Genuine income ) & 10 lakh from Boby as u said he will return in cash ...so total receipt will be 20 lakh ...will Chintu pay income tax on 20 lakh ? Technically he has to pay extra on 10 lakh which is not his income....so just to avoid 1.5 lakh ITC... chintu will end up paying extra 3 lakh income tax..?

[@yashtiwari2729]

@@cayogeshthenua9004 no bro chintu is not disclosing business with consumers so govt. would not know about it

[@jaikapoor2201]

@@cayogeshthenua9004 he will not pay gst as well as imcome tax...10lakh received from genuine customers was without invoice...so that's black money

[@cayogeshthenua9004]

@@jaikapoor2201 practically very hard ..it is easy to think on papers only

[@shivambirla3976]

By your video , my conceptual clarity increases significantly and makes the indirect taxes more interesting .

[@ayushagrawal4149]

Moral of the story Find an honest chintu😂

[@rishabhjain4132]

Facts 💯😂😂😂

[@casudeep]

Perfect 🔥

[@VikramBhatilovekodial]

@ayush agarwal.. Honest Chintu don't exist🤣

[@ayushagrawal4149]

@@VikramBhatilovekodial they exist😜

[@VikramBhatilovekodial]

@@ayushagrawal4149 😁😁😁

[@anjali4641]

Sir ,it's amazing ❤️if you do more videos like this it would enhance our knowledge being a CA article student. when we do the audit it would be easy to find errors and Frauds only if we know how things happen in real life. Looking forward to more such example lectures

[@dipakgupta9049]

Yes sir definitely we want to know that. And sir there is one request please upload such kind of videos means practical difficulties/scams and all. Thank you so much for uploading such kind of videos 🎥.

[@mr.psk.972]

Really interesting session sir I understand each aspect of this case although I have some questions : 1. What if chintu supplied actual services and somehow managed to sale without Invoice and do bill trading with dj bobby also paid the tax to govt. (How govt. can trace this???) 2.If a genuine recipient get services and availed ITC on the basis 2A/2B of suppliers GSTR-1 and supplier didn't pay gst via 3B or become insolvent then why would Govt charge gst amount from a genuine taxpayer who already paid it to supplier.

[@rajeshbehera2632]

Nice Question Bro I also won't to know but I think at the time when chintu security file his income tax return he have to show the income which he get form the consumer A whom he does not give the bill i think through this government can trace chintu security

[@rajeshbehera2632]

If the consumer A pay amount in cash at that time I think this plan works😅

[@mr.psk.972]

@@rajeshbehera2632 He will show the income from chintu which will be equivalent to income which he did not record and sale in cash so again it cannot be traced.And yes here both the transactions r in cash.

[@tirthsomaiya209]

Your 1st question is also my question.... How govt can trace this if chintu paid the gst.. But in your 2nd question.. govt ask dj bobby to reverse his itc because if chintu didn't pay the gst then dj bobby would not get itc...

[@nityajoshi-wb6bt]

@@tirthsomaiya209 maybe vo jisko supply karega usse pata chal jaega Kyuki usko bhi ITC avail karna hota hai na?

[@AnandSingh-ob4zw]

Sir aapke videos really worth ful hai , syllabus padha jata hai exams clear karne ke liye but concept clear hone se life change hoti hai .. and you are doing the same. Really practical knowledge pata chalta.

[@harshdama2630]

This is very something which students want and sir you are fulfilling it , THANK YOU sir and yes sir we want such Videos in future too . ONE QUESTION sir , Agar Chintu jaise logo ko bhagna na ho aur GST bhi avoid karna ho to wo log kaise karenge ?

[@cashubhamgupta22]

Hello sir, Now Rule 59(5) & (6) of Cgst rules, 2017 inserted by NN 01/2021 w.e.f 1/1/2021: It says that a registered person shall not be allowed to furnish the details of outward supplies of goods/ services in form gstr1, if he has not furnished the return in Form Gstr3b for preceding 2 months Thus, this scam is very difficult to do now Pls correct me if there is any mistake in interpreting

[@vikasgowlikar]

Sir you have explained the GST scam very nicely and I learnt the best example of GST scam.. You are a legend in commerce teaching..👏👏

[@Sandeep_parjapati]

Sir aap jis trah practical problems k saath theory ko link karte ho wonderful Please asse hi series laate raho bhut mazza aata chae Dimag m stick baith jaata hai

[@kaar458]

Legendary style of teching 👌👌life me first teacher i found jo bookish life ko practically itna ache se explain kie ho😄👍

[@jillu7914]

Haa bhayya jarur vedio banayiye . A vedio bahuth acha hay class may tho is jaisa knowledge kabhi milta nahi . Thank you so much aphne bahuth ache tareekhe se hame clear cut se samjha diya 🙏❤️

[@AbhishekGupta-vx9bo]

1. sir firstly if chintu provide services inclusive of GST, why would the consumer buy the services because he might have some other option at lower cost & Secondly if chintu issue GST bill of 10L to DJ bobby it ultimately increases the income tax liability of Chintu ,why would he do that until unless he recover tax liability as well (Exception might me there in case of chintu is a loss making company) Please Explain?

[@AdnanAli-dt6kr]

Sir the concept of 10%/5% Clear ITC shown in 2A is applicable when Supplier didn't declare outward supplies in his GSTR-1 Right??

[@vaibhavkakade8102]

Aapka Scam Explenation ka style & Examples Bade Acche Hai I like this Scam or Aapki client ka Scam Janane ke liye exited hai

[@tushardahule2167]

Excellent explanation with scenarios !!! Couldn't found better videos elsewhere in youtube

[@venkatnaidu8354]

Very nice n informative video we get to learn many things sometimes unkownly we become victims in this chain just being a customer...thanks keep up the good work...

[@shivakumar-sm5hn]

excellent Mr. Sahil sir. right now, i am looking after , exacatly similar case of one of my clients.

[@sumitagarwal9135]

Practically samajhne mein really sir bahut maza aaya, We want more this type of videos

[@abhishekmittal2185]

I would like to thank you for this video. Mujhe aaj tak samaj mein nahi aaya tha ki local dukandaar bill kyon nahi dete hain. Now its clear. Thats why i prefer online shopping

[@bhupendrasinghrajput701]

After understanding gst scam : Scam 1992 background music 🎶 aye aye aye he 😎😎😂

[@agarwalniket03]

Rule 59(6) is applicable w.e.f. 01.09.2021 for stopping such Chintus as now if GSTR-3B isn't filed for previous 2 months, you won't be allowed to submit GSTR-1 for subsequent months!

[@Relax_singh]

Fun fact: CA course me sare students ko sbse acha scam hi lgta h😂 Please aur scam sikhaiye sir😂😂

[@akshay038700]

Aap pass story telling se God gifted hai, bahut maza aata hai apki video sunne me

[@mohangoyal5369]

Phle mujhe Taxation se bahut darr lagta tha .. phir maine Sahil Sir ki lectures dekhe... Ab mujhe Taxation psnd hai .. ❤️❤️ lots of respect sir 🙌🙌

[@madhuratadhawan7029]

More like PEHLE MAI BOHOT MOTA THA…😂😂

[@mohangoyal5369]

@@madhuratadhawan7029 haa frame usi ad se kia gya h .. but yha review genuine hai 😂😂

[@madhuratadhawan7029]

@@mohangoyal5369 haan sir is too good🙌😎

[@deekay3447]

Yes sir. Janna chahate hai ki aapke clint kya galat kar rahe the aur kese padke gaye.

[@virajlodha5014]

Sir aaj mai ca inter for nov 21 lectures lene wala tha. Sarda sir aur wo sab ke demo lectures dekh rha tha. Luckily aapka ek lecture recommended me aaya niche and now I have fixed ke muze aap se hi sikhna hai all the way till ca final. Kya tareeka hai boss kuch bhi sikhane ka.🙏🙏🙌🙌

[@abhisingh815]

This is first video I watched and you earned one more subscriber.

[@agarwalsatvik]

I'm an Engineering Student, But Watching this Story - Very Interesting👍🏻 Regards Satvik Mangal

[@kunjpatel2450]

You are teaching so smooth and anyone can understand easily

[@sonal2024]

Please please sir enlighten us with all those things we miss out as an article. I truly wanna admit that as an article, we just learn all the clerical work! Filing and all, take us into detail detour of the fields we are in! Please share whatever knowledge you have regarding to our CA field, super eager to learn from you!

[@deepakgupta8200]

5:13 😂😂😂😂

[@satyam9485]

😂😂

[@shyamnathani8160]

Ha chl chl

[@deepakgupta8200]

@@shyamnathani8160 😂😂😂 bhai bhai bhai.... Yhaa bhi aagya saale tu

[@soumikchakraborty6479]

😂😂😂😂

[@amitmahajan2373]

Yes sir we want to know about GST case of your client and also sir make more videos like this on Income tax also so everyone can get practical hand on Taxes

[@razorr1920]

4 minutes into the video, being a technocrats with near zero negligible knowledge of commerce, I wanted to compliment the Sahil's cool and clear way of explaining.

[@gsammyyy]

Your such videos are always a cherry on the cake of our knowledge, sir. They are insightful and provides us with practical knowledge and sometimes they clarify some of my concepts as well. Thanks a lot, sir and keep creating more such videos.

[@rushikeshdambre8087]

Sir your explanation is very good. I cannot remove my eyes from screen when I see your video.

[@maheshgohil9197]

Classes never tought this but you did it.😊😊😊

[@gauravbansal8570]

The thing which I like the most in you is your smile😁😁❤️❤️

[@itishree8360]

Aatma ka parmatma se milan ho gya sir isko dekhne k baad😂😂.. Now, we want more like this😅

[@srivastavdevanshu]

14:26....Sir chintu ka service tho Rcm mei hai na..9(3)... Phir chintu sarkar ko kyo dega.

[@manishgupta2251]

Nice way of teaching 🔥like harshad Mehta (brain)🔥

[@yashgiri7425]

Please share that instance too....it helps us to know deep insights of the market👍🏻👍🏻

[@Nishant1012]

Yes, we would like to know about your client story . Pls share when possible.

[@SUNNYKUMAR-kx3qu]

Very nice and knowledgeable video with proper clarification.......thanks a lot sir

[@akarshjain3299]

I have no link, to the subject but it was genuinely enriching and exiciting!!

[@BharatPatel-ny5nh]

Awesome Video. Great Explanation. My friend recommended me this video. Really helpful 👍!

[@harsha4357]

very beautifully explained sir. We as a professional must be very cautious and understand deep more about the subject from these kind of Teachers.. Thank you so much sir for explaining very important tip...

[@maheknaaz7991]

Working in gst department since 1.5 yrs but believe me Sir I understood this concept of ITC scam only by watching your video. All my concepts got brushed up now

[@caabhishekjain2954]

Wonderful explanation...also please upload another video of your client.........

[@sonusharma-kr5lh]

Legend on youtube, come with more such videos

[@brahamduttbhardwaj2728]

Sir waise toh m ek science student hu pr video m mja aa gya. Lekin sir iss case m toh exception h ki agar chintu dhokebaaz hoga toh Dj Bobby pakda jayega lekin agar chintu sach m dusre customer ko service deta ho pr bill Bobby ko deta ho aur tax bhi bharta ho toh phir government scam kaise pakdegi??? 🚫🚫🚫NOTE: **** GOVERNMENT K HAQ KI KAMAI KO NA CHEENE****🚫🚫🚫

[@rinklebiswal806]

Sir you clear the concept of ITC fraud....thank you so much.....😊😊

[@ayushdoshi5189]

We need much more practical knowledge like this...

[@jaswindersinghnarula4379]

What if the Chintu actually was providing services and paid the GST? in that case govt can never detect the tax evasion, right? Government should lower the GST rates so that people should feel easy to pay the tax honestly. On other note very good way to explain and good video.

[@deepakvishwakarma2127]

Yes sir plz make video on that case of your client.

[@SouravSinghXV]

Sir how to file GST pe ek proper practice video banaiye please.... it's help lots of people.

[@sreedharthummisi5424]

Sir. This video is very useful for practical knowledge. Yes. I would definitely want to know further on this as you said in the end of the video. Also, kindly throw some light in case of supply of goods where actual goods are supplied where the supplier is located less than 50 kms radius and the value of the goods have been artificially increased. This way,the money is diverted to individual pockets not through evasion of GST but through artificially increasing the prices of goods supplied. Thank You

[@jeetudarira]

Sir pls make more such videos so that we can practically understand our subjects..also pls share the story of your client who got arrested

[@ketanramdharne3200]

Sir plz share more such practical stories I really enjoy it thank you

[@ketaki3022]

Yes sir.. Plz tell us about ur client. How he got arrested. Thanks ❤

[@adibpathan813]

Great information in a very descriptive manner.. btw, what if the recipient ( dj bobby) asks the supplier (chintu services) the snaps of it's 3B and payment challan receipt made against that 3b declaration towards govt..? In that particular case, if both the snaps are authentically provided, then the evasion is successful and untraceable, right?

[@amitthandyal0516]

I am from arts stream but vedios dekhke maza aa raha hai 😅 And educational vedios bohot achi explaination hai sir 💕🙏🏼

[@hemantkumarkhatik7806]

Please make such videos.. Such videos are not available on you tube.... Thank you..

[@dharmejayapattanaikodisha4271]

You gave the example of service sector but in case of manufacturing or trading sector , it is very difficult to claim fake ITC .

[@madhavpanchal1624]

एकदम सही गलती नही करना और गलती करने नही देना। चिंटू बाबू तू महान है

[@forspam5248]

Mechanical engineer, working in data science and watching CA content :) Love it

[@klick4click]

I like it .. 'cause you have mentioned 'Mechanical' 😍 my heart is still lub-dub 🥳

[@manavdubey4374]

Sir I hv already cleared group 1but I really wish to learn income tax and gst all over again from u...very nicely explained 👌👌

[@bhavsar7656]

Some.dealing without actually transacation of cement 28 percentage and per bag give 9 rs you will calculate tax savings some government invoice compulsory sothat aginst get it for bill

[@yadavji-xd3yw]

Sahil sir please make vedio more on this topic plz 🙏🙏iisir

[@unknown-uv1cj]

Sir i have a question 1.)what is meant by claiming itc? 2.) please make a video on cash and credit ledger . Pls reply

[@Deepali_Das]

Amazingly knowledgeable video sir , pls tell us abt the scam done by ur client also

[@prasannasurana9619]

Sir please make video on that client story too....

[@Piyushdoshi859]

Yes sir please tell us... This helps alot for gaining practical experiences

[@kishorenadar2364]

WOW!!!!!!! Sir we want more case studies like this

[@caties884]

Apko jo man ho vo bta diya karo we loves your content you no need to ask ! Our beloved sir🤍🤎💜💙💚💛🧡❤️

[@yashagarwal9024]

Great video sirji....aur bi videos banao...bahut knowledge milta hai aapse 👍👍

[@animeshvaibhav8234]

Sir sure, we can study that as a case study

[@girishpai8303]

Straight & simple. I just love your videos ❤️

[@siddhibhagat2281]

Sir please make a video on which chapters of CA foundation Maths are used in taxation and in other subjects of CA inter and final level as well as after becoming a CA 🙏🙏

[@kaushalrachchh1917]

Just Time Value of money...nothing else would be much useful...

[@siddhibhagat2281]

@@kaushalrachchh1917 ok thanks

[@MUKULgupta17]

Sir we are excited to know about the person who do itc scam ,pls make video on that topic sir 🙏🏻

[@anish9490]

Thank you very much sir for great Explanation of GST ITC Fraud 👍👍👍

[@goldiinam9024]

Plz make some more videos like this in respect of income tax also

[@sushil2kashyap]

Sir, thank you for explaining in such a simple and INTERESTING tarikay say ...

[@animeloverr1876]

sir we would like to hear from you all such stories

[@yujjvalgoswami5224]

Sir u r not a sir, u r a god of Taxtion

[@legallink739]

Plz make some more video on this topic

[@kushaggarwal1352]

YES SIR I WANT TO KNOW HOW THAT PERSON WAS ARRESTED...PLEASE MAKE A VIDEO

[@mithunkarmkar9573]

RCM applicable on security service provided by any person other than body corporate to any person. Chintu security service pvt.ltd. than forword charge. Dear sir please clarify. 16(2)- ITC can be claimed 1. Goods has been received 2.document is in possession 3.supplier has paid tax actually to goverment. 4. Recipient has filed his return. Bohot wide scope hai tax evasion ke, bill kharid lijiye R1 ke jariye 2B me le aaiye uski 3b jma karwa dijiye. Koi nahi pakad payega, goods aaya hi nahi. itc bani nahi par mil gai.

[@theindianinvestor3240]

Yes please make a video on that too.

[@Noobmaster2]

The best part in the video - "Han ji"

[@KetanBarange]

Yes please we would like to hear that story