Gst Malayalam Input Tax Credit ഇൻപുട്ട് ടാക്സ് ക്രെഡിറ്റ് സെക് 16/INPUT TAX CREDIT

[@thankachanjimmy3725]

Sir, You don't get me wrong, I am not arguing with you, but I am sorry to say that you are not right in the case of 5th condition. It is not SUPPLIER but RECIPIENT has to file the return. I request you to double check with some body and comment on this sir. Please note that most of the people think that the 5th condition talks about SUPPLIER but it talks not about SUPPLIER but about RECIPIENT. So you please double check and confirm.

[@SUNILSSMARTFINANCEMANAGER]

Sec 16(2)(d) Furnishing the Returns under Sec 39 The another condition to avail ITC is that the recipient has furnished the return under section 39. Every registered person is required to file monthly GSTR 3B under section 39. ok Thankachan sir..You are correct...I pinned your comment...Thanks for right comment.

[@AKMArecanut]

Both of you saying same thing . If some one purchasing from URP the recipient hast to file the return.

[@aamy311]

Sunil sir താങ്കൾ പറഞ്ഞത് തന്നെയാണ് ശരി. Supplier അയാളുടെ Return കൾ Correct ആയി file ചെയ്താലെ Recipient ന് input ലഭിക്കൂ. sir പറഞ്ഞു കൊണ്ടിരിക്കുന്നത് input നെക്കുറിച്ചറില്ലെ. അവിടെ recipient return file ചെയ്താൽ ചെയ്താൽ എങ്ങിനെ, ആർക്ക് input ലഭിക്കും. മറിച്ച് supplier GSTR1 B2B യിൽ file ചെയ്യുമ്പോൾ Recipient input ലഭിക്കും. ശരിയല്ലെ സാർ.'

[@junaidabp854]

Valuable information,thank you sir

[@SUNILSSMARTFINANCEMANAGER]

Thank you Junaida..kindly share...

[@riyasbava525]

Really helpfull vedio sir👍

[@SUNILSSMARTFINANCEMANAGER]

Thank you Riyas...

[@vishnum6918]

Sir, please explain section 16(4)

[@lathaprakash6141]

Excess of itc previoos in current year should i pay income tax

[@SUNILSSMARTFINANCEMANAGER]

no

[@babukakkodi6765]

Sir, the dealer claimed depreciation on purchase value only( not adding tax) he can claim input tax credit.is it correct?

[@SUNILSSMARTFINANCEMANAGER]

The ITC of Goods Transportation vehicle (used for furtherance of business) , if you are no depreciation claimed on tax portion, then you can take ITC...

[@bijumonkp2905]

Time period clear ayilla. Sept month return or annual return which ever is earlier.

[@SUNILSSMARTFINANCEMANAGER]

Biju sir,..That is Sept month GSTR -3B may file on 20th october or annual return return whichever is earlier. If you are filed GSTR-9 without claiming input on October-10. and filed GSTR-3B 20th october.Then, you can't take input , which is not claimed in GSTR-9.

[@bijinbabuveliyil3216]

180 days varunnathu bill raise cheytha date muthal ano allengil itc claim cheytha date muthal ano calculate cheyyendathu?

[@SUNILSSMARTFINANCEMANAGER]

Hi Bijin...from the date of bill...

[@menslife634]

Input tax on capital goods il ore detailed video idaamo

[@SUNILSSMARTFINANCEMANAGER]

sure..later

[@menslife634]

Supplier file chydittillengil input claim chyyanulla rule ne kurichkoodi ore video

[@SUNILSSMARTFINANCEMANAGER]

already done

[@AKMArecanut]

@@SUNILSSMARTFINANCEMANAGER sir link pls

[@SUNILSSMARTFINANCEMANAGER]

Hi.. kindly subscribe channel and go to play list..

[@AKMArecanut]

@@SUNILSSMARTFINANCEMANAGER already done sir

[@Salvo092]

thank u so much....

[@SUNILSSMARTFINANCEMANAGER]

Most welcome 😊

[@thankachanjimmy3725]

Sir, I would like to draw your attention to the 5th condition for availing ITC , there you say SUPPLIER should filed the returns, but if I am not wrong it is not the supplier but the RECIPIENT who has to file the return. Please double check and comment on this sir.

[@SUNILSSMARTFINANCEMANAGER]

Documents/Conditions for taking ITC: 1. A registered taxpayer must have a tax invoice on hand at the time of taking credit. 2. The goods must have been received or service must have been taken. 3. A buyer must have paid the value of invoice along with the tax to the supplier of goods or services or both within a period of 180 days from the date of invoice. 4. The supplier must have paid the tax so collected through tax invoice into the Govt. account. 5. The supplier must also have uploaded the tax invoice details in the GST return. Means: Supplier also needs to file Returns, then only, it will come under GSTR-2A. Then recipient can claim ITC.

[@thankachanjimmy3725]

Sir, You don't get me wrong, I am not arguing with you, but I am sorry to say that you are not right in the case of 5th condition. It is not SUPPLIER but RECIPIENT has to file the return. I request you to double check with some body and comment on this sir. Please note that most of the people think that the 5th condition talks about SUPPLIER but it talks not about SUPPLIER but about RECIPIENT. So you please double check and confirm.

[@antostep]

Fire Insurance pay cheyumbol, input tax credit apply cheyan pattumo.

[@SUNILSSMARTFINANCEMANAGER]

It is not blocked anywhere.

[@meghamelveetil]

Can claim itc for Advance paid and bank service charges

[@SUNILSSMARTFINANCEMANAGER]

Hi megha, the taxpayer paying advance is not eligible to claim ITC on advance paid. You can claim ITC on bank service charges.

[@sureshprasad8728]

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