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

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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[@mohammadfarooque6673]

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।

[@itsvinitsingh]

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]

Glad you like it.

[@swayamjain451]

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]

Glad you like it

[@sudipagarwal4548]

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

[@FinTaxPro]

Most Welcome

[@pushpashinde1644]

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

[@kamleshlalwani1231]

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

[@rudrakantjha2712]

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

[@carahuljain3964]

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

[@FinTaxPro]

My pleasure

[@bhaskarbahuguna4688]

finally get ITC setoff explanation video 🙏

[@FinTaxPro]

Glad you liked it!

[@santoshjoshi8214]

Teaching of GST Really fantastic, even common man also understand

[@sanjaykumar-zz1kc]

Your video is best

[@ketanramdharne3200]

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

[@neerajdeshwal7150]

Great teaching, clear all concept

[@LaxmiSingh-qm8pu]

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

[@FinTaxPro]

Glad it was helpful!

[@devranswal3726]

Superb way to explain the set off rules great vivek sir

[@khushboogupta4666]

Best video clear all concepts Thanks sir

[@dineshkewalramani868]

super sir for wonderfull video

[@VanadaRane-ln9nz]

Interest Applicable in ITC Utilized

[@nvbchannel2348]

This is best video.Thank you

[@suryabhai6520]

Good Content

[@saurabhmittal8747]

ITC Claimed & UTILIZED BOTH

[@gracethangundi7146]

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

[@FinTaxPro]

Most welcome

[@mdqamrealamgulrez3712]

Nice explanation about ITC

[@SauravKumar-id1kb]

Thanks sir😊😊😊😊

[@FinTaxPro]

Welcome

[@chandankumarpandey1564]

Very nice and informative session..May god bless you

[@FinTaxPro]

So nice of you

[@VijayKumar-yc2lz]

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]

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

[@durgaprasadmohapatra3630]

Very informative

[@rajnimassi570]

Bahut badhiya sir🎉

[@RaviKumar-os8fp]

Nice Sir, Theory is Cleared

[@vedamysore1727]

Very nice explanation thank u

[@purushottamdash3188]

Nicely explained sir 👌

[@vikasmehta3572]

Thank you sir for such an amazing content

[@chiragchaudhari3075]

👌 best video sir....🎉

[@gd5510c]

Thanks sir❤

[@FinTaxPro]

Most welcome

[@savithanair3480]

Thank you Sir, you explain really well

[@thealphabetneeraj4643]

Thank you dear sir❤❤

[@mlnmurthy5325]

Namaste sir Thanks Super video on it. Murthy

[@FinTaxPro]

Thanks and welcome

[@MohdShahid-mq5ft]

Usefull video Sir 👍... Thank u

[@jayashreesuryawanshi8422]

Very useful hai sir

[@vinodvaid9643]

Very well explained...

[@FinTaxPro]

Thank you 🙂

[@harshadvarsani5826]

Very good information

[@FinTaxPro]

Thanks

[@Sri_Queries]

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.🙏

[@kambojuhari8666]

Thanku you sir great explanation

[@manishrawat6764]

Interest calculate on ITC Utilisation 🎉❤❤❤🎉

[@bgupta776]

Sir, ITC on import of goods ka reversal or reclaim kaise show karna hai in table 4 of GSTR3B

[@anirbanpatra6898]

Thank you so much Sir,

[@atharvagupta9109]

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

[@ManishKumar-wk6kx]

Both, claim and Ultilasaton

[@singhnitinkumar5168]

Both words are different.kindly brush up your knowledge.

[@pramila7693]

Interest will be changed on ITC utilisation

[@rajeshgupta2218]

Thanku Sir

[@FinTaxPro]

Welcome

[@kaseraashu221]

Thank you sir ji 🙏

[@FinTaxPro]

Most welcome

[@gauravnaliyapara1710]

CGST & SGST NOT SETOFF IN CROSS

[@studywithak415]

Thankyou sir ❤

[@msd.dhiman]

Baht badiya

[@anjalijain4626]

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

[@irfanmansuri7118]

Intrest can charge on utilization itc

[@onlinesolution3434]

Thankyou so much sir🙏🙏

[@pushyamitra.]

Thank you sir🙏🏻

[@shortvideoonaccounts8683]

Thanku very much sir

[@debabratachakraborty211]

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

[@vipul2465]

Superb sir❤️

[@ipsitaswain635]

Int. applicable if ITC utilised

[@mubarakshahquadri3501]

Interest will be levied on excess utilized itc

[@gauravnaliyapara1710]

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

[@musicallrounder4849]

Sir kya ecommerce platform ka ITC claim kar sakte hai 🙏

[@ashokekumar5503]

interest is charge on extent of wrong itc utlize

[@phadiqueen3731]

Claim PR interest lagyega

[@ashishdas-o4c]

Interest will be charged on ITC utilisation

[@Krantikishayari]

Thanks sir🙏

[@OniyuriSolutions]

Sir apka 1st point confusing hai, GST Portal hmesha CGST ki Lability sabse pehle CGST ke input se hi adjust krta hai uske baad IGST input se vo bhi auto populated hokr. SGST me bhi same esa hi hota hai, Sabse pehle SGST ke input se adjust hoga fir IGST input se.

[@sangeetasen842]

Sir with example with practical ke sath samjhaie

[@TrishnaBanikSarkar]

Thanks

[@ajaytripathi5323]

Pls also provide Journal entry of setoff

[@mohanjhanginia3115]

Itc utilisation per interest dena hoga.

[@atulagarwal1515]

Sir ONLY CGST AVAILABLE IN LEDGER HOW CAN I CLOSE MY REGISTRATION, THERE IS NO PURCHASE AND SALES FOR THE LAST THREE MONTHS

[@TrishnaBanikSarkar]

Thanks

[@angrymeow2663]

Thank you

[@akashdahiya5354]

Interest applicable claim ITC

[@nasimmahalot7814]

Utc utilization par

[@reshiimran1991]

Thanks sir g

[@Funnyvideos-nk3vm]

Utilisation pr count krenge

[@sunilkumar-rs3be]

How can I join live class what is fee for all courses

[@MUKESHKUMAR-fq7gt]

Sir GSTR-1 Nil Filed But 2B me ITC Receive Hua lekin Elegible ITC Ko Claim kiye Bina 3B Nil Filed kar Diye By mistake. Aur ye ITC Credit Ledger mein Dik Nahi Raha hai. Toh kiya next month 3B main iss ITC Ko Claim kar Sakte hai.

[@Mr87varun]

Interest would be charged on ITC Utilised

[@NVAssociates606]

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

[@FinTaxPro]

Yes

[@JAYEETABHATTACHARYA-h2g]

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

[@MukeshGupta-kp5gf]

Sir ye apne Excel par bataya portal par kaise hoga

[@farheenahmed242]

Interest will be charged on itc claim

[@akshaygurav4448]

Sir tax return, GST &TDS video bnao

[@aaaa3540]

Itc utilisation par interest lagega

[@devindersethi14]

Good

[@vikitashinde1445]

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

[@aradhyastudypoint6164]

Sir aap ne ek chiz me galti kar di Sir aap apne examples me ye bata rahe ho ki cgst 0 and sgst ka amount 25000 hai but 2b ke according cgst and sgst same hota hai 😊😊

[@ashishbharti5757]

interest calculated on itc utilization amount

[@Sonu_7257]

Kiya mai monthly sale show kar sakta hun q ki delear quterly filing kar raha to mai us smay mai itc claimed kar sakta hun jis smay wo quaterly filing kar de to Pla help me soon

[@ankitbhai-e4g]

UTILIZATION PAR INTREST LGTA ONLY

[@majumdersourav3260]

Utilisation pe

[@dhanrajrathod9435]

Sir, I am trying to purchase your course, but before that i message for some inquiry like ..how can I reach to you or your team regarding queries after purchase.., but I am not getting reply from your team sir,... You are best teacher sir, but how can i trust that I will get personal support in case of some queries after purchasing the course, as your customer support team is not responding. I apologise if I am wrong, pls look into this matter

[@FinTaxPro]

You can call us on 7827521794 for queries. Because of due date of quarterly 3B staff maybe engaged in filing

[@samiranjana9804]

Sir set off k jo rules hai uska pdf mil sskta hai.❤

[@FinTaxPro]

Telegram p mil jayenge jald hi

[@samiranjana9804]

@@FinTaxPro Thank you sir.

[@kuldeepkumar-tw1kv]

Tq sir

[@pravinsurvase4836]

Tq sir

[@KR756]

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