Important Changes for Availing GST ITC in Union Budget 2022 (Part-1) || CA Bimal Jain

[@vinodlohia5332]

जैन साहब अगर आप हिंदी अथवा मिक्स भाषा में बोलें तो अधिक लोग लाभान्वित होंगे....

[@jyotisharma9313]

Your videos on GST are always so supercool ... has really been very useful to understand the provisions, amemdment clearly.....Quick and clear ....I watch all your videos...whenever any new video is released I add to it my watchlist without fail......

[@subakesavan6632]

Sir, No one can explain like you. Thanks sir. Regards Rajalakshmi

[@sujeetjha2743]

Beautiful sir....Ab notified hua ha...ap sources of inspiration

[@surajjeevrajka9405]

Thankyu so much sir🙏🙏

[@balunavaneetham]

Very valuable informations sir. Thanks a lot... Awaiting for remaining updates...

[@vivianfrancis6263]

Thanks Sir for detail explained. God Bless you

[@solankib7502]

Sir God bless u, u are distributing knowledge without any selfish motive, believe me this is one of great karma. As per law of karma, u will definitely get success, glory, name, fame , prosperity & peace of mind

[@dhirenderprakash5541]

Excellent explanation

[@sachinkoshti4822]

Thank you sir for detail and deeply explanation👍👌

[@sougatachattopadhyay3148]

Thanks A Lot for details and deeply explanation, waiting part 2.

[@capankajmittal901]

Nicely explained sir

[@pramila7693]

Sir, thank you so much for updating info

[@chandrashekharchinchapur4442]

Thanks Sir for details explaned. God bless you

[@vidyashaji3937]

Very valuable information Thank u so much sir🙏🙏

[@damodarkhandelwal2286]

Very good deliberation. Thank you very much sir for guiding us. 🙏🏻

[@subhodeepdas7653]

Sir crystal clear as always......take care Sir

[@darshan7313]

Very nicely explained sir, thanks 🙏

[@PankajRathi2000]

Nicely explained. Thanks.

[@kundukulamvarappanantony3986]

THANKS A LOT FOR YOUR VALUABLE INFORMATION

[@vinaydoshi2737]

Thank u Sir....very well explained

[@gsttalk]

Nice talk sir

[@pandurangbhapkar6211]

Dear sir Excellently explained. Really thanks. CA PS Bhapkar

[@srinivasbhata6512]

thank you sir for valuable information on c

[@chamanjeetbhardwaj2991]

Sir when you say the supplier should have paid the tax only then itc can be utilised but the supplier pay the tax on 20th and if the recepient take credit on 18th of same month then what to do

[@kartikchawla4389]

Thank you sir 😇

[@arvindsharma2012]

Thank you Sir

[@nehalgandhi9467]

Also need to know the extension period from due date of September is replace by 30th November in this case we can take effect in 3B filed on 20th December for November month ??

[@h.lalramsanga1656]

Sir Your lecture is so clear and simple ..You helh me a lots in undefstanding gst act and Gst Act.. But i would like to reqeust is that...please do not mix your lecture WITH HiNDI...When you say cr ial sentence in Hindi we loss our understanding...In our State like Mizoram..there are may people who donot understand HINDI....I am also want to say that there are countless video tutorial in HINDI on You tube.. .I just want to lisen your lecture because you give it in Emglish..Besides your lecture is very clear and lucid way.. I will keep watching your Video..

[@p.s8366]

Awesome jain saab

[@jagdishnagar729]

Sir also make a video on custom changes if possible

[@yogeshmittal2895]

Sir there is a question that how could we know that the supplier has made the payment of tax because the date of payment of tax i.e. 3b is same for both buyer and supplier so how the recipient can ensure that the supplier has paid the tax as gstr 2b will show that the input is eligible (status of 3b for the supplier will show as a filed in case of the previous month invoices but question is of current month for which 3b is gonna filed by us). Moreover while comparing the ITC available in 2b and claimed in 3b comparison will of specific that month for which 3b is being filled or from the starting of the FY ? (Issue :- we are claiming the itc of the invoices of the current month i.e. for which the 3b is gonna filed which are also reflecting in 2b but we are claiming itc of some bills which were of previous months and were not claimed by us as we are recording those invoices in the current month and these are reflecting in 2b from which financial period they relate to. Let say, invoice of Dec 21 reflecting in 2b in Dec 21 we are booking the invoice in Jan 21 invoice date is of December and we are going to claim the itc of such invoice in the 3b of Jan 21).

[@cabimaljain]

It will be ensured with changes in Section 37 & 39....Pls watch Part II on Union Budget

[@nidhibhoir6921]

Sir..re credit 180 days reversal of ITC we are showing in GSTR3B as other itc availed which may be excess from GSTR2B ...how we can show this as others this may be leads to restrict the itc😭

[@GKumar23236]

Thanq very much sir for guiding us to understand very easily about GST and it's changes regularly once again very thankful to you ,,and my doubt is how coud i know that my supplier paid the tax to government please guide me sir

[@poojamishra7683]

If your purchase invoice is reflecting in GSTR-2B and the supplier has filed his GSTR-3B

[@eshankothari1119]

@@poojamishra7683 say GSTR1 outward supply shown 100000 and gstr 3B filed of rs 95000 than 2B mei bhi aa gya and 3B bhi filed ho gya (say our invoice value is 5000, shown in gstr1 but tax on 5000 is not paid in 3b)

[@poojamishra7683]

@@eshankothari1119 I do not think that would impact our claim of ITC, as it is reflecting in GSTR -2B fulfilling the condition of section 16 (2)(aa). Let's see how department categorises the ITC available and ITC not available in GSTR -2B

[@eshankothari1119]

@@poojamishra7683 A new feature is enabled on portal under search tax payer category that shows what percentage of liability declared in GSTR 1 is paid in GST 3B,if that percentage is 100 than its sure that all invoices tax has been paid

[@mkvlog9295]

Excellent Guruji 🙏 Guruji Please clarify how it works Rule 86-B availing of ITC only 99% controls, its little bit confusing...🙏

[@vivianfrancis6263]

Sir how will the buyer know/verify if the supplier had paid the duty to the government. I am not able to get this answered in the session pl.

[@cabimaljain]

Pls watch Part II of Budget 2022

[@saikishorenvs463]

How do we check suppliers paid tax to government

[@ganrk]

Login - search - search by GSTIN

[@caabhishekjain2954]

Hats off to your way of delebration

[@chandrashekharchinchapur4442]

Sir my client purchased one car for personal use can claim ITC and cess which uploaded by suppler

[@cabimaljain]

no

[@balunavaneetham]

No..restricted - section 17 (5) g

[@chandrashekharchinchapur4442]

Thanks 🙏

[@ganrk]

No

[@anantjain8639]

How many Parts will be there?

[@rohittripathi3947]

👍👍

[@satishpandey5382]

Sir need clarity on the last date of for availing any credit whether it is month of Oct 3B return which we filing in the month of Nov or November month 3B return filing in the month of December. Pls clarify..

[@ganrk]

30th Nov. Nov return is filed on or before 20th Dec. Invoice should be booked by 30th Nov

[@minakshirungta7898]

Great sir. Really like your vedois. Sir you said that there were certain provision as per which GST Liability under GSTR- 1 & GSTR-3B, should not differ much. But sir it may happen. In case we received advance for service to be provided, we have to pay GST on that and in this case when we adjust that advance, GST under GSTR-1 gets less than than GSTR-3B & it can't be quantified as 10% or anything. Please through light on this if I am wrong.

[@nivrutimotivaras2042]

मेने GSTR1 मारी एक सेल थी वो मेने बताई पर एक गलती हो गई gstr 3b मेने नील फाइल की

[@riteshgadia8691]

if return is not taking negative figure than how gstr3b is a full return. if i have only credit note in any month than gstr3b is not accepting the negative figure than i in 26AS will give also wrong information to income tax

[@ganrk]

Keep proper reconciliation

[@kingkings752]

Sir itc to be availed on only reflected in 2b.Some of our vendors filed gstr1 after 2b reflection date and before 20th in such cases the recipient can not utilise itc which directly blocked itc one month which results the assesse working capital will get effected as aware almost msme will use of and occ bank loans with payment of interest this is additional burden them if dept reconsider the date of 2b up to 19 th which will be very help is any chance to file wp on this sir V

[@umapandey4947]

The way govt is proposing to put restrictions and conditions for the availability of ITC, it's high time that they can openly say that no ITC will be available under GST and businesses have to survive without it, so that they can re-plan their business models and start afresh, to make it really simple and workable rather than doing verification and checking at their end to see the availability of ITC, month on month, and wasting their time and energy for reconciliation exercises. It's better to reduce GST rates from 5% to 10 % and do away with ITC availability.

[@kartikchawla4389]

Very true sir

[@madhusudanbajaj1138]

Better to start RCM on every inward supply. All problems will resolved.

[@h.lalramsanga1656]

Sir Your lecture is so clear and simple ..You helh me a lots in undefstanding gst act and Gst Act.. But i would like to reqeust is that...please do not mix your lecture WITH HiNDI...When you say cr ial sentence in Hindi we loss our understanding...In our State like Mizoram..there are may people who donot understand HINDI....I am also want to say that there are countless video tutorial in HINDI on You tube.. .I just want to lisen your lecture because you give it in Emglish..Besides your lecture is very clear and lucid way.. I will keep watching your Video..

[@sunitakapoor2642]

Sir , Can I transfer ITC of Rent Paid for HO to units by taking ISD registration . HO is monitoring the activities of units

[@cabimaljain]

cross charge

[@nehalgandhi9467]

Sir we have practical issue for 2B as some time we received goods in the next month say (10-20 days from the invoice date) so while matching 2B we take ITC in next month when Goods are received as per the rules but its may crosses the 5-10% of total of ITC as per 2B how it will be manage on portal with upcoming changes that if there is difference in particular month b/w 2B and 3B ITC claim (due to above reason)???

[@cabimaljain]

Yes...real problem...credit available in the month goods received even though auto-populated in previous month..

[@nehalgandhi9467]

Thank you so much sir for your reply , i have recently buy your gst advance lecture .. i am able to learn many things which are very small small things but very imp and has big implications tysm sir 👍😊

[@najishali9294]

Sir, Thanks for keeping us update in such a crystal clear way... One thing just want to know, GST payment is made in totality, on demand supplier can show challan of GST payment but how it can be identified that this payment includes those invoices also on which buyer is supposed to take credit.

[@srini4068]

Sir, kindly explain in English.. many people will get benefits... Pls

[@srikrishnanitta3267]

SIR, Please explain in English Language also

[@cabimaljain]

Pls bear with me

[@subramaniamsridhar9932]

Sir, also please explain in English

[@sameerdeore4225]

Thank you sirji

[@anjanashelar4867]

Thank you sir..