How a New 93k Macbook costs 37k by claiming BOTH Depreciation & GST ITC!

[@keepGoing612]

I have no commerce background and i knew nothing about taxes, but from last one years i am watching your videos and now i can proudly say that i know something about taxes and GST laws.You explain things in over simplified manner.Thank you sir from the bottom of ❤.

[@RaviTeja-im4vd]

@Parikshit Singh I don't think so, GSTin numbers are for businessman only

[@amitmaharana5212]

@Parikshit Singh NO

[@chirantanx]

Likewise

[@samadtan2134]

@@RaviTeja-im4vd no because it includes gst number

[@joydipghosh4516]

This channel deserve much support.I m from software engineering background but i enjoy this channel video.love u

[@AbhaySharma-kb5yu]

He is the best Taxation teacher out there.....you cannot convince me otherwise !!!

[@rationalmind3785]

One of the best.

[@harshitagrawal9177]

Yes one of the best

[@aditisharma5063]

BB Sir.❤️

[@dishu7578]

Soooo practical tips useful even for non-CAs! beautifully explained

[@ankurrangaliya8229]

you make the subject easier for me, great teaching and communicating skills 👌👌

[@viraaj3184]

Ye bhai ham engineers ko bhi CA banakar chhodega!! Btw Kudos to you bro, your analysis, and explanation are best. Keep it up👍

[@pushpdeeppandey]

Imagine if all your teachers in life had this level of understanding of their own subjects! ❤🌟

[@senpai8741]

Alternative Approach : Don't pay Taxes . Evade Taxes and reduce the Tax liability from the total cost of the Mac. You may even end up with a net surplus and a notice from IRS.

[@swapnilvevo1680]

IRS be like : hame ab dollar ka rate badhana padega

[@NAKULSURESHMBA-Delhi]

Based

[@yj9032]

IRS has no jurisdiction in India.

[@yashkhandelwal6389]

@@yj9032 wtf do you mean irs has no jurisdiction lol? IRS is Indian revenue Service which further has CBDT and CBIC

[@frenchButt44]

@@yj9032 Abe aangrej ke chode, IRS = Indian Revenue Service(India) not Internal Revenue Service(USA). Itni safeed gand chatoge toh apna system kaha yaad rahega.

[@animesh5651]

the proud moment when you already know all this because you are sir’s student

[@shubhamsurana6538]

Honest Dil se respect sir, kam time mein ekdum seedha seedha samjha dete hai aap

[@its_maalik]

4:42 Great video. Practically Almost sare log cash me sell karte hai which makes the benefits even more lucrative.

[@sharmay2043]

i wish every TAX TUTOR shall LEARN from you the way how to TEACH TAXATION. TAX is the only subject where you cannot read and remember. TAX is the most technical subject. you dont need to study hours and hours. you just need to understand the provision and mug the rates and penalties and thats it. while studying TAX i assume myself a CA and then do the sums and read the sections

[@minarvatripathi9561]

I think I found your channel the best channel on KZbin

[@MyselfAnkitraj]

Thankyou so much sir , i regret why i'm not a commerce student , i'm excited to know about taxation and all this stuff .

[@rishabhjaiswal8476]

And here I am thinking that either ITC or depreciation can claimed Without noticing the word "tax component" Clearly knowledge full video 👌👌

[@ankitgupta5815]

Same

[@sjborah4359]

Bhai ye depreciation claim kya hota hai?

[@rishabhjaiswal8476]

@@sjborah4359 Bro there is a provision in gst that GST paid on any asset can be claimed as ITC or u can add that gst paid in cost of asset and then charge depreciation under income tax act on such increased cost Note:- u must have knowledge of taxation laws

[@sjborah4359]

@@rishabhjaiswal8476 ok thanks bro .. Bdw I'm from science background.. isliye jyada smj nehi aata hai.

[@vaibhavtiwari9678]

Great video sir ji.. Maja agaya Tax & GSt ko combined tax effect dekh ka..

[@devanshagarwal4975]

It's good for explaining the concept. But in real world it's like renting a MacBook for 3.5 years as you sold the asset. It's real cost would be nearly around 62k if you don't sell it. A person when buying an asset don't calculate the cost after deducting it's resale value. Ps: You're videos are very helpful for conceptual understanding.

[@weebees8596]

Have you taken the clases from the sahil sir for IDT ?

[@yas_in1115]

Thanq boss ur comment makes me to understand the concept ;)

[@devanshagarwal4975]

@@weebees8596 No

[@anmols2815]

Bulkul sahi hai

[@husler7424]

Devansh i didnt get you, can you elaborate plz?

[@मी_आनंदी]

Another classic Crime Patrol Video 😂❤️

[@utkarshpatel191]

Diesel*

[@professorfino]

@Harsh Verma 🤣🤣

[@RakhiDhavale]

😂

[@vnom8090]

Savdhan CBDT 😂😅

[@pratyushmishra2679]

😂😂😂

[@aashishsharma6706]

Already knew the dep vs ITC concept Thanks for brushing up the points🙂

[@hardcoregamer9595]

Tum bhi maachudao

[@mersenne2486]

practical socho, Concept concept me jindagi nikal jaayegi

[@aashishsharma6706]

@@mersenne2486 Bhai pta hai isliye bola na concept bhi or practicality bhi

[@lovishmarwah5521]

Bhai concept smjh aagya pr depriciation kaise avail krenge vo to ni milega

[@sjborah4359]

Bhai ye depreciation kya hai? Smj nhi aya

[@ShaikhNadeem]

You can also directly divide the amount by 1.18.. You would get the final amount after removing gst...

[@CA_Hardev_Jadeja1]

12:38 yes i knew that....it's about GST component on capital goods not on part of capital goods 🤟 therefore can claim depreciation on capital goods on net of GST purchase price.

[@deepakjha8664]

This channel is so under rated , deserves more than 337k subscribers

[@karanhoon]

Thankyou so much sir. Another amazing video.. Really a masterpiece of knowledge

[@CA_Hardev_Jadeja1]

This is golden knowledge 🤟❤️ nobody gives it for free 🤟 thank you so much sir

[@guranshsharma4498]

i wished i have taken your classes ....u r an inspiration sir...thanx for these videos

[@shivambhai712]

Sir please bring more videos like this as this is enhancing our knowledge

[@oshanmodi]

easy to understand and extremely helpful. thanks for sharing.

[@True_Man_Show]

I thought he said ! Haa Ji , Garibi as an intro 😂….. I was lyk , sala kere ko gareeb bolta h😂in babu Rao style

[@maheshkanojiya]

The net cost of the asset in the example is any case is a business expense, whether more or less.

[@sachincmrit]

sir as usual great content !! Requesting a video on : 1) benefits of purchasing fixed assets to a company, such as industrial machinery on a loan from banks. (Considering banks fund 80% of machine invoice value and expect 20 % contribution by the purchaser company) 2) tax benefits under GST input tax credit & depreciation expenses under P&L for income tax. 3) expenses under P&L for interest paid on loans + financial charges. 4) 😀please help in understanding other benefits Requesting this video as it would be helpful to beginners in 2 profession : 1) machinery sales team 2) bank employee's for better understanding tax benefits to machinery purchaser on loan. Thankyou 👍🏻

[@yasirpk9885]

Thanks for explaining it really well! I've been putting off learning soft soft cuz it looks so intimidating but now that I easily understood the

[@nikhilagarwal4884]

7:11 Sir, Personal assets pe capital gain calculate nahi hota h na??? Please reply

[@jatinsolanki7119]

ITC claim kiya to personal kaise hua.

[@Imsajjan]

Warning: It is not necessary to sell your Mac for get it @37k

[@iamlabeeq]

Do I have to pay taxes if I want to keep it forever??

[@Imsajjan]

@@iamlabeeq yes

[@Diesel_guzzler]

I got MacBook for 5000 only. I sold it next week of buying .🤣

[@shubhamsingh-t7w6n]

What if I report it as broken/ non functional ?

[@natraj6120]

One of the best educational video with practical experience

[@aiyushbedi]

Hi Sahil loved the Video was really looking to buy a Laptop for my Freelance business this will be really helpful, Can you also suggest how do these Laws apply on Used Products like Laptops or Machinery. Can we claim ITC and Depreciation the same way or are there any other considerations in the IT law?

[@nikhilagarwal4884]

Hi, I am a CA student. Or freelancer ke business main depreciation to le sakte ho par GST tabhi claim kar paoge jab aap samne wali party se GST collect karke GST portal pe pay karo

[@navgoyat]

What is someone is unable to strike a deal and just files a Nil GST all year round.

[@aiyushbedi]

@Parikshit Singh No, you need to be GST registered

[@aiyushbedi]

@Parikshit Singh yes

[@puneetmaheshwari]

this video came in my recommendation on such a right time, tahnkyou sir

[@gundeeep]

I am watching your content for the first time, It is nicely explained!. P.S. You just gained a subscriber :)

[@KISHOREP-jg6nm]

This is only applicable for business persons who are regularly filing GST retuns and income tax returns not for personal purposes ....we won't get single rupee benefit if we purchase such mac for personal purpose.

[@tejashwibhaskar]

yet his thumbnail doesnt mention this disclaimer . a min of silence for all who trust in youtubers blindly these days.

[@im.ishmeet_91213]

if you follow him then his every video is point of view from business or businessman

[@VishalJangid1]

trading in fno is a business

[@monke4364]

how can u claim depreciation or gst ict by personal use?? think before writing

[@bilalshaikh6603]

@@VishalJangid1 bhai waha pe to loss hi hota hai to tax to bharne ko aayega hi nahi.

[@moviematic2703]

I'm into Construction business, Can i get GST ITC of Television or Laptop etc which is not releted with my construction business ??

[@RAJPUT_SonOfKing]

Same query. I think we can

[@maxmasud663]

Yest

[@jatinwaghmare8458]

It might not be required on site but you will need it in office right? for your staff including u (Ig on TV u won't get it but other electronics u can)

[@Just_Always_Rishabh]

Sir Deprecitation Sirf Tabhi LAgta Tha Hai Kya JAb Sales 10lakh + Ho Buisness Ki ?

[@harshjain9292]

You are the best Tax teacher💯

[@HAS_Stories]

I have asked a question some time while before, now here it is. 😉 💯💯

[@monishkabra1182]

Sir, Thera are millions of businessmen in India with huge accumulated ITC with no or little GST payble. Please make a video containing the ways (Legal or illigal) to use this blocked working capital.

[@siddhantraje]

Bhai... tum Bawal ho !!! Agar kabhi mil gaye to mai pakka party dunga !

[@dasji8053]

More than anything i love the intro...😍😍😍

[@riteshKumarWebDeveloper]

Thank you sir for the knowledgeable content.

[@keepGoing612]

Sir apke jaise teacher hoto sabhi CA ban jaye👌

[@adityabajaj6649]

sir please upload more such "pratical" videos... too good...

[@vardanrathi7777]

Great information but Misleading Title. Nowhere it is mentioned that a new 93k Macbook could cost 37k AFTER SELLING IT!

[@sarathsasidharan7543]

This is applicable only for people doing business or individual also??. How can we identify the depreciation percentage on particular items??

[@ravigupta6924]

Only for Business and Profession..if doing some business and for tax rate it is mentioned in act

[@flashkingster3132]

By using scrap value

[@rajchoudhary4349]

Nice narration.. !! Quite an insight

[@pranav04.]

my sir says finance & taxations are made for informative people ! not for idiots who complain about the government! he's absolutely right

[@ZKEntertainments]

So you mean everyone who complains about the govt for increasing taxes is an idiot?

[@harshlekhwani3893]

Best content so far

[@amaxive]

That particular Macbook will cost you 37K & to me 30K only.. I shall buy it second hand from you Sir. Simple.. Just Kidding.. Great Info shared. Thanks..

[@brucebane5396]

Well done tq and keep posting such videos

[@adityabhatia7861]

Deep meaning of rule 40(2) and 44(6) ❤️❤️now understood .thankyou sahil sir

[@mithunmahato309]

I have purchased while giving my GST number but they haven't filed the GST yet. I can't see those in my GSTR 3B How can I get the ITC then ?

[@rachitvsatija]

Ask the vendor to file their R1.

[@abhishekbhimani7838]

U can't unless and until supplier files gstr1

[@rishabhrawat3307]

I have a doubt can i only file gst if i am going to sell the product? And can a normal user avail these benefits?

[@rachitvsatija]

@@rishabhrawat3307 @Rishabh Rawat yes gst is collected by supplier on behalf of government from customer/recipient of supply(goods/service). To avail input of GST the supply should be consumed for business usage and shouldn't be blocked credit u/s 17(5)

[@shubhamvakharia]

@@rishabhrawat3307 benefit only to reg. Person

[@arpitgoel3061]

Simple yet so confusing for the novice😆

[@qctr]

Dear Jain-ji, some of your ardent audience are from non-commerce background, here to see if we can save some taxes on our hardearned money. Can you please educate us too with simple examples? Thank you

[@manoharhiware6969]

Got the point but can you tell me what is the best option either take itc from gst on tax component or we should take depreciation on tax component in income tax??

[@subhashchandra3318]

Is this viable for students or working class

[@CA_Hardev_Jadeja1]

Maja aa gaya sir 🤟 taxation is love. I want to be tax expert 🤟 right now I'm in CA final giving 2nd group 🤟😅

[@freindimania11]

Businessmen usually don't pay tax and keep hoarding cash along with that they get things on discount due to ITC, meanwhile Salaried class gets peanuts after TDS.

[@93792sam]

Absolutely right. Salaried are the workhorses on whose back country is running

[@AmritenduRana31082000]

That's stupidity ofc businessman pays taxes but they only pay companies tax which can be very low because ofc companies are the ones taking crores of risk and not the employees .If something was happen to the business a mere employee can just change job without taking the risk.A businessmen can just show his salary as 0 and pay no salary tax but has to pay corporate tax which can be saved through many ways .Why should a mere employee who has 0 risk get benefits.They don't hoard tax ,they invest just like any other smart people.Even if they hoard,that's their money lol.

[@AmritenduRana31082000]

@@93792sam not really salaries employees are just like dogs.They come and go.

[@freindimania11]

@@AmritenduRana31082000 What are you smoking? I was talking about purchasing Items for personal use while taking ITC on it. Businessmen do it. Most businesses prefer cash instead of cards to avoid transactions touching the books. As for the dog remark, an employee leaves if it gets better benefits somewhere else, simple supply and demand

[@93792sam]

@@AmritenduRana31082000 if you have a business I am sure the dogs working for you would be happy.

[@nikhilpanchal7332]

Superbbb explanation sir

[@ajayupadhyay1832]

This is what we read in Capital Budgeting in Financial Management in CA Inter

[@eshkitlyrics2335]

sir ji kamal ka samjhaya apne🔥🔥

[@rahuldutta8748]

Good explanation ❤

[@cartechxpertindia8095]

Hello sir. Which app you use on ipad and how you mirror it please suggest

[@anshularora300]

Fantastic explanation!!

[@tutansoham1987]

But one thing to add is that the machinery should be purchased...not machinery manufactured by any company..alstom making train engine cannot be entitled to sell any of its parts as stock clearance or as scrap...sir ur view on it if i m wrong

[@RahulGupta-nx3cf]

Sir ek question tha...agar hum kuch bhi order karte hai amazone ya Flipkart se gst par toh kya hum usse use ghar ke liye apne kar sakte hai ya nahi...aur kya us product ko survay karne wale aa sakte hai ki ye aap kis purpose se liya hai aur use kaha ho raha ye dekhne ke liye?

[@rahulpatwa7271]

This rule can be availed on personal purchase or purchase has to be made under company name or sole proprietorship

[@procoal8827]

Sir zayada samaj nhi aaya par maja bhot aaya 😂...BTW Just starting my CA Inter Journey 🥰

[@TaxationWithCASahilJain]

Journey start ho gayi hai, bhot jald hi samajhke logo ko samjhaane bhi lag jaoge :)

[@procoal8827]

@@TaxationWithCASahilJain indeed 💯

[@Sahitya-Kannadati]

Good morning sir, Kya me renewed laptop kharidane me GST claim kar sakati sir..? Amazon business account par

[@dhruvpolara8487]

ye video dekhne ke bad achha feel hota he kyu ki mene CA nahi liya as career kyu ki itne achhe explation ke bad bhi bahut complex laga

[@anirodhabiswal8937]

kyu ki apne provision nhi padha abhi tak . aaj mene ye provision padhi aur phir ye video dekh rha hu

[@redwgaming7746]

​@@anirodhabiswal8937let's say for example, I buy a laptop worth 1L on sale with an MRP if 1.4L under a GST registered firm owned by my friend and ask him to take ITC claim on my laptop. The ITC will be applied on Selling price or MRP?

[@aniketgupta1955]

Is it compulsory to pay for the laptop/asset from the firm's bank account or can we pay by using personal bank account?

[@ayushsharma-nq6mw]

no

[@nikitayadav8429]

It isn't compulsory considering you're gstin is shown in the bill and hence it's reflected in 2b. Though in books of accounts you need to show the payment to ur personal bank account via firms bank account

[@coolbuoy434]

@@nikitayadav8429 didi is it mandatory that only a businessman can have such benefits? I mean can government job people have such benefits?

[@nikitayadav8429]

@@coolbuoy434 only business dear.. Gst itc is applicable to businessmen such as wholesalers, manufacturers, distributors and retailers who further sells the goods bought... not individuals... hence if u are a govt employee you are the final consumer who has to bear the gst and cant take credit 🤞

[@prateeklodha1605]

Sir, I have a question related to Car. 1. If a person A creates a new firm(Name CAB Services) which provide taxi service, if purchased a car in that firm, then will get ITC on car 2. Now he has his another firm(may be on his relative name) which provide IT service (Name: IT Firm). 3. If Cab service provide service to IT firm for its employee transportation, then will IT firm recieve benifits of ITC(as there is change of service here) Please clear my doubt.

[@iamchiragbafna]

No, ITC on rental service is also for vehicles.

[@Rahul_2901]

i think you should watch sir's fortuner video

[@SrikarGunda]

Reverse charge will apply and IT firm will have to pay GST

[@prateeklodha1605]

@@Rahul_2901 Both people are registered are GST then??

[@Rahul_2901]

@@prateeklodha1605 sorry bro i am not CA. So i just suggested you to watxh that video. But you should consult with your CA

[@keepGoing612]

Sir i have one query that - if a person only have one Income source that is income from house rent then how many time that person can shift from New Tax Regime to Old Tax Regime in ITR, please help me sir.🙏🙏

[@Nikhil-qv6wm]

Please make one video on taxation basics for LLP or Partnership firm for doctors , all legal aspects from taxation point of view. For doctors many things are different, need your help

[@sajalpandey7921]

Can we claim gst on mobile phones because my Lawyer says that now gst is not available on mobile phones .

[@tapasdhal3890]

Amazing👍 Thank you so much🙏 Dil mange more..

[@puneetmaheshwari]

as a med student who was about to buy a laptop this was helpful thankyou

[@shilpabarochia3380]

Sir if i buy a laptop and claim both ITC and depreciation like you say but I don't sold my laptop for let's say 10 years . So it can be possible ???

[@alokgupta4218]

Credit card discount and gst invoice cannot reveal together by any online platform

[@pratiktaylor5736]

Epic video . Sir 💘👌🏻

[@thetigerwill8748]

pls sir..make video on how big company like amazon, hp, fedex, salesforce pay zero tax rather having 100% profit of their....how they benefited by creating subsidiary company in accounting method!!

[@trilochan6810]

Should the invoice name be same as business name, and can the address be different??

[@god-ui9lm]

Now i understood why the value of CA's are high in India😂

[@bhumit070]

Hello sir mera ek question hain ki let's say meine laptop use kiya 5 years tak and then laptop due to some reason break ho gaya or stopped working so usko kaise dikhana chahiye? and what if before 5 years ho jaaye?

[@ankithere]

can I get a GST number for my HUF and then claim these benefits? Income in HUF is mainly through stock market trading

[@nitesh.u3987]

These videos make taxation so interesting sir thank you for this ❤️🙏

[@mridultiwari966]

Ghanta ka intresting...😂😂 ITC Claim krne k liye GST File krna pdta.... Gst tbhi compulsory h jb aap 20L / 40L se oopar ka turover ho.. Kitne logo ka hoga ... Jo dekh rhe h unme se😂😂😂😂

[@nitesh.u3987]

@@mridultiwari966 toh 20L/40L ke turnover vale he tho le rahe hai bhai iPad 😂

[@mridultiwari966]

@@nitesh.u3987 kitne hi chharre le rhe bro....😂😂 Emi pe ... Maxm isme sirf spne dekhne wale honge... Including me😂

[@weebees8596]

Have you taken the clases of GST from sahil sir ?

[@weebees8596]

@@mridultiwari966 Have you taken the clases of GST from sahil sir ?

[@Desidazzlejewels]

Sir agar hum iPhone leta h gst per to kitna depreciation mile ga please explain Thank you ☺️

[@ShubhamSharma-wv4hx]

Thank you sir, For Such a Nice Explanation But, What if Someone bought it at EMI @14% Rates. Will the Cost Reduce or Increase?

[@arijit1809]

Increase obviously

[@insanerajput9883]

I still don't understand why we are paying such type of dense taxation like giving like paying 20% for 13LPA job working shit out of daily to earn the money then paying 20% on income tax and then 18% over GST and other commodities bill even on electricity 😖 what the hell with indian government

[@akemacademy]

Mujhe bhi apki trah video record karna hai kaise kru what devices u r using plz tell I'm a teacher

[@prakharsahu1384]

Can anyone or sir you only tell me why we divided 18 with 118????it should be 100 na?

[@rachitvsatija]

92900 included gst which means if cost would be 100 then gst (18%) would be 18 this invoice value would be 118. Thus if 92900 = 118 then what is 100 = 92900/118*18 = answer.

[@prakharsahu1384]

@@rachitvsatija ohk thanks brother

[@ashuchauhan598]

Sir mene education loan lia hai or usme MacBook ka bhi quatation lagaya Hai jiski price 129900 hai mujhe ye saste me kese pad sakta please help kr dijiye as a student 😕😕

[@adityagupta7288]

can you please explain in a line how things would change had the laptop (or anything else) been sold after 5 yrs ? Thanks

[@rohankumargupta8812]

Hello sir ek question tha. bina gst number ke computer invoice de sakte hain customer ko

[@krishnachakravarti4571]

Are sir ease to me bhi kah du ki maine 25 lakh ki innova 14-16 lakh me li hy. Mann ligie 25 lakh me kuch GST laga wo bach gya + maine 10 lakh ki maine bech di wo bhi reduce ho gai.