Input Tax Credit Revision of CA/CS/CMA Final GST || Chapter 5 | Dec. 21/May 22 | CA. Yashvant Mangal

[@skothari]

2:29 Section 16(1) Eligibility 3:01 Section 16(2) Conditions 3:45 Documents prescribed (Rule 36) 5:10 Rule 36(4) 9:05 First proviso to section 16(2) 9:33 Second proviso to section 16(2) read with rule 37 10:35 Section 16(3) 10:54 Section 16(4) Time limit 11:45 Rule 86A 13:51 Rule 86B 16:50 Section 17(5) Blocked Credit 24:11 Circular OEM 25:21 Circular Sales promotion scheme- 25:37 Free samples and gifts 26:02 Bye one get one free 26:20 Discount incl bye more save more offer 26:49 Secondary discount 27:10 Section 17 Apportionment of credit 28:08 Rule 42 Apportionment of credit of input and input services 31:09 Common points for Rule 42 and 43 33:09 Rule 43 Apportionment of credit of capital goods 40:01 Section 18 Credit in special circumstances 42:43 Composition scheme - no composition 43:46 Assessee not registered- registered

[@sakshigupta306]

1:10 16:50 - blocked credit 17(5) 27:10 - sec 17 35:07 - extra point of rule43 40:01 -sec 18 52:22 - How to utilize ITC 54:10 - Job worker 59:24 - ISD

[@hardikagarwal6819]

Thanks

[@mypet9686]

Thank you dear

[@vaibhav_nitesh]

Thanks Sakshi can you please tell me from where can I get the notes of Yash sir?

[@sakshigupta306]

@@vaibhav_nitesh you can go for Sir's fastrack batch or u can also but his books from his website. Believe me he is the best in IDT I got exemption in 4 subjects in both groups nd IDT is one from them

[@vaibhav_nitesh]

@@sakshigupta306 Hey is the summary notes enough or does he also have detailed notes ? PS: congratulations on your big success.

[@ayushjain..]

There can be no other substitute of "Yashvant mangal" sir Best😍

[@Dineshsingh-qu1tx]

Sir.. unfortunately m aapse class nhi le paya tha.. but now I m recommending everyone to take idt class from you only 🙏 mahool sir 😍🙏

[@cacsruchitrasingh]

27:03 apportionment of credits section 17 38:27 section 17(4) optional method for banks 🏦

[@sonalparab2668]

Ekdum dhana dhan idt revision lec.. Notification coming

[@YashvantMangal]

😁

[@juhichugh7815]

Thank u so much sir n respect aur b baad gai apke liye itni khasi hone k baad b apne humare liye lecture record kiye.. thanks allot 🙏

[@jashvyas948]

Sir thanks a lot for these lectures. We can see how much efforts you are putting for us. Please take care of your health too

[@vaibhav_nitesh]

Hey I need his notes please tell me from where can I get it?

[@mehulkakkad1175]

Kal exam hai Aaj ekdam mahool ban raha hai Josh ke sath hosh bhi high hai Bharat mata ki jay ♥️ Thank you so much Sir 😊

[@kunalpandey3244]

You are amazing Sir, I saw how much effort you are putting in. May God bring upon fantastic health upon you as we need more people like you now more than ever. Please Take Care.

[@rahulzz23]

27:30 R42 , 33:10 R43 38:25 R38

[@sm-zn6uq]

Sir these lectures r blessing...really...cant thank enough..u make idt very easy..nd its possible to complete whole course 1 day before exam....its really helpful...thank u so much sir... Mahol.....

[@growwithvijayy]

Dil khush kar diyaa sir..ITC sirf revision video se hi ho gaya💯

[@YashvantMangal]

All the best dear Mahooll....

[@n.s.874]

I am so lucky that i could take classes from you and now i can easily revise my entire IDT through your amazing revision videos !! Sir thank you so much!!

[@poetriesforalltrees5065]

21:46 *Work contract supplies for * *Construction of immovable property* No credit will be available Except - 1. Such recipient of construction services is also engaged in ----- providing the construction services.. ( vhi service provide krne k liye ek trh se input service li h) 2. Office yaa factory k liye PM install krwaaya h (no matter, whether of capital nature or whatever) 3. Buliding /land ka reconstruction /add/renn/alter/repair .. + that is treated of revenue nature i.e, charged to pl (only tbi itc allow)

[@cahimanshupatle6320]

Phle vale lecture dekh kr ca bna hu ye btane yha aaya hu 😀 Thank you sir 😊

[@ca_anjali24]

Congrats 👍😊

[@YashvantMangal]

Mahoool...

[@cahimanshupatle6320]

@@YashvantMangal 😊 sir apne IDT k paper k bd ek video upload kiya tha paper end hone p uspe bhi maine comment kiya tha ki apka plan follow kiya tha exam day vala and sir my score in IDT is 65 ☺️

[@YashvantMangal]

Superb bro… Lots of Congratulations 🎉🎊 Ur Hardwork proved u…👏🏼👏🏼💐💐

[@juhichugh7815]

@@cahimanshupatle6320 kaunsa wala plan follow kiya tha apne?

[@mayankgaur8593]

Common points for turnover for the purpose common credit 32:00

[@mayankjain7311]

Sir In this video you are constantly coughing, iske baad bhi aapne pure lecture record kia, hats off to you sir. You are a sigma ( meme language )... I promise you sir that I will score atleast 70 marks in Paper 8. Thanks a lot sir

[@YashvantMangal]

Mahooll...😇

[@AnushaAb]

So true. Hope you are doing fine now sir. Please get well soon sir😊

[@Natalia-cm8ez]

I was looking for this comment 👏👌

[@Noone-hh5cq]

So how much did u score?

[@zarnavanrajsinhchavda6983]

Sir, you cannot really even imagine how useful these lectures are! The best ever revision videos, covering every single thing, have never seen such a revision lecture! Thank you so much! Mahol 😁

[@YashvantMangal]

Most welcome Sarkaar Mahooll...

[@nehabohra26]

Mahooool sir mahooool 👏 thanku so much sir ❤️ teacher like you is blessings for us☺️🙌

[@YashvantMangal]

🥳Maholll

[@anjalisudhakaran8720]

thank you sir and god bless you for selfless effort ... i watching these videos ith my summary notes and very helpful for revision.. stay safe and stay healthy sir....

[@YashvantMangal]

Thank you...Mahooll...😇

[@shrey_stalwart]

This is the best lecture Sir, far far better understoodable then your previous lectures..

[@theshivaramans8693]

Mahool sir! Passed group 2 in may 22 and cannot thank you for the revision lectures enough and for making things easier in IDT. Grateful🙏

[@nitishah6149]

Start 1:22 Blocked credits 16:50

[@venkatasiva8453]

Well Explained. It has become habit to watch these lectures when ever need to read GST.

[@YashvantMangal]

Thank you for watching and learning♥️ maaholl😊🙏

[@meghnasapra8269]

Sir maine hamesha ITC chapter tukdo mei pada toh kabhi puri tarah se clear hua nhi but aapke revision lecture ne pura samjha diya, thanku sir

[@YashvantMangal]

Mahool...😇

[@swatisomani423]

Rule 86A , 86B 11:47

[@cavikrammishra7546]

Maaahooolllll. bana diya sir..... 2-3 baar dekh liye h yeh Videos

[@YashvantMangal]

Mahooll Sarkaar..

[@aashimahajan665]

In rule 43 where Machinery (assuming purchased on 1 may19) is purchased and used for exempt supply but now we are using it for common ( taxable+ exempt ) purpose from 1 nov 19 then we have to reverse ITC for 3 quarters( 5% for 3 Q) now when in each month we calculate common credit to be added to output tax by counting no of months we counted remaining life from nov 19 i.e. 54 months ( 60-6)but actually we already reversed full credit of 9 month previously by calculating it Quarter wise that mean in last 3 months i.e. 58,59 and 60 th month we are actually reversing ITC used for exempt supply (common use) that we had already reversed in thr begining. isnt it double reversal of same ITC?

[@abhishekpurandare2082]

For the 180 Days Rule (starts 9:32) - If the recipient has made part payment to the supplier within 180 days, what will be status? Will he have to reverse 100% of the ITC Taken, or will proportionate reversal suffice? (Sir has said "proportionately", but the law does not clearly state that). Any other place in law which clarifies the same???

[@architchitlange831]

It will reverse only for unpaid amount.

[@anjushreebiswas8229]

Sir what about Credit available in 2B? We can take only 105% of credit available so how can we take credit of capital goods if it exceeds the limit?

[@karanmehta9031]

Sir watching this lectures for 3rd time...very helpful during exams 😍.. thankyou so much sir🙌

[@YashvantMangal]

Most welcome

[@Amit-yr6kj]

Sir ITC Galti se le liya tha due to wrong invoice given by supplier (lekin usne shi invoice de diya tha gst mein shi invoice upload kiya gya tha) 3B mein kha reversal krna hota hai

[@mayuriagarwal2693]

Sir in rule 43 when capital goods used for taxable supply and then used for exempt supply... Then we 60 wala formula or 5% wala formula.. for calculating output liab.? Because in sec 18 we use 60 wala formula for itc reversal... Please clear... U have said in your video 5% wala formula for rule 43 for itc reversal case of taxable to exempt.

[@snehajain3589]

Thank u sir really was waiting for ur revision lecture

[@YashvantMangal]

Most welcome😇

[@VruttiThakkar]

Thankyou sir aapko Khasi hai firbhi u r uploading such amazing lecs. Love ur teaching ❤

[@rajandeepsingh9146]

Hello Sir When goods are received in lots supplier will have to pay tax when first lot is delivered however recipient can claim itc only when last lot is received. Hence, when recipient will claim itc after recieving last lot his gstr 2b will not show itc for that month since supplier has paid tax in earlier months so, how will recipient claim itc on that?

[@srajattater7022]

Revision Lectures are very usefull🤩🤩🤩 Maahhhoolllll!!!! sirrrr🥳🥳😍🤩🤩

[@CAswatisingh]

There revision lectures are very interesting ..even I can listen to you sir when I m not in mood to study or get bored sometimes.

[@khushiinani6456]

27:10 Sec17 and Rule 42 33:13 Rule 43 35:05 6 cases of rule 43

[@abhishekpurandare2082]

Sir, in case of Sec 18, where goods were earlier exempt and later on became taxable - We reduced 5% per qtr or part thereof and came to an amount which we availed credit for. This is now the ITC availed (and which may be utilised for future taxable supplies). Q1 - In case of common usage of goods (Rule 42 for Inputs and 43 for Capital Goods), what will be the stance taken. Especially for Capital goods, will we consider the life to be 60 months from the date of conversion? or will it be counted from the date of invoice (Bare rule 43 has an explanation for useful life being 60 months). Can you please confirm this for the purpose of useful life for Rule 43. Q2. In continuation of the above situation, the goods which were made taxable by the govt are again exempted. Talking about the capital goods, categorically, the example which you have taken - has divided the value by 60 and multiplied by the no of complete remaining months. Was this to be construed as a separate example? If no, this is inconsistent with the explanation in rule 43. Please help.

[@ganeshravinath4528]

60 months is always considered from original purchase date of capital goods.

[@Nik5777_]

Sirji माहोल bana diya aapane ❤️❤️

[@dineshkumar-gb3uu]

Superb revsion sir. Salute hai sir ji aapko👍🙏

[@hemantpanchal5937]

Thank you very very much sir...! 🙏🙏 Maaahol....!!

[@YashvantMangal]

Mahoool...

[@tanishka.akhand]

33:10 - Rule 43

[@manikakumari2457]

really these lectures are helping a lot day before xams

[@ca.keshavgupta4687]

2X pr Mahool chalraha hai Sir Costing rok deta hai gst mai 55 56 now planning for 70+

[@YashvantMangal]

Maaholl...😇

[@dipakpatil487]

Which book use in revision video

[@ehtheshamulhaqmullashaik5038]

Don't know why, I feel it's a mere translation. But yeah instead of reading all the stuff we can just recall through audio

[@vaibhav_nitesh]

Apportionment of ITC par question aata hai kya ?

[@ishantsoni3595]

Thankyou sir for this superb revision videos✌️

[@deepikakanoongo2310]

Sir alcohol liquor in sab me tax ka ky h kounsa tax lagta h

[@harshkedia2608]

Sir agar vehicle capacity up to 25cc hoye toh bhi covered under the blocked credit?…

[@harshitarathod7280]

End 1:04:26

[@rahultrivedi9875]

35:14 ITC capital goods

[@easymaths2887]

Amazing lecture, suchme mahol bana diya 🤩🤩

[@YashvantMangal]

Mahooll...

[@navneetlakhani5443]

Thank you so much for such super fast revision sir.. Love you too

[@chirag1135]

10 KA CREDIT MIL HI GAYA... MAHOOOOL SIRJI !!! EXCELLENT VIDEO SIRJI THANK YOU !!!

[@sanchigarg7154]

calculation for reversal quarter or part thereof basis per karni hai ya monthly basis per? pls reply i am confused

[@priyanshijain5344]

Sir circulars at 24.55 are printed on which page of summary book?

[@shweta6168]

Rule 42 : 27:54 Rule 43 :

[@studyhacx1779]

Golden words towards the end 🙏💖

[@studybuddy7915]

35:19 Ym sir talking about Quarter

[@casurbhijain262]

Thank a lot guruji🙏🔥👌

[@YashvantMangal]

Most welcome🙏

[@hetalpalan8244]

Maaahol sir...👏🏻 Thank You for your efforts sir Sir poora portion kal tak kar doge upload? To I will start IDT revision Because of your lecs we can complete quickly

[@YashvantMangal]

We will upload all lectures as soon as possible.

[@shrikrishna5388]

Sir exam me sub section likhna jaruri h ? Like place of supply me if we write section 10/12 , will that work ?

[@kapilkarnavat1018]

Total turnover consider karte he tab advance recive from goods or service total turnover me add kare ge sir?

[@rakshitajain1857]

Best revision lecture thank u so much sir

[@yuvalakshmi8539]

Rule 43- 33:09

[@Ca.Kapilprajapati]

Special points for turnover @32:35

[@carohitmourya2861]

Sir ITC in reference of travelling expense via cab , airplane vessel will be available? What is exact meaning hiring in reference of clause a and aa?

[@gaurideshkar]

Sir courier vala. Toh bike pe deliveries hi dera h na.. Vo toh bike pe passengers ko nhi ghuma rha h.... Goods hi carry kr rha h... Toh use kyu nhi milega??

[@karanbumb5622]

Bcoz ultimately bike if manufactured for carrying passengers not goods

[@anujnainvlogs343]

Khogye hum idt ke revision lectures me

[@YashvantMangal]

Jabardast Mahooll...

[@cmaravitejabellamkonda9846]

Thank you so much sir for helping us by your revision lectures

[@YashvantMangal]

Most welcome

[@nehajindal7687]

Sir, If a good is stolen by an employee and subsequently we have recovered the amount of goods from the employee, Will it still attract 17(5) or we can take credit of the goods ?

[@deepruparel9155]

Wierd scenario firstly employee won't be able to steal something jispe you have paid very high GST 😂 but for stock or some petty thing section states that ITC of goods lost due to theft so I guess since the goods are not lost we can reclaim the ITC

[@tanviagrawal2193]

Thank you so much sir for your great efforts!

[@hemanthreddy1680]

Can take the class in english to increase the communicative value and a wider reach, sir.

[@acashyam01]

Maahoooool sir Thank u very much

[@preetichoudhary9109]

E/F 31:11

[@heenam370]

#2:30

[@sahiljain4650]

Sir revision lecture are very much effective thankyou sir

[@casimran8733]

Thank you so much sir for this videos❤️

[@romiljain6199]

5% provision for itc is removed from jan 22 hence nov 22 attempt ke liye bada major amendment hai ye.

[@anilsharma-bk6lb]

Thank you so much... Mahool ban gaya h.....

[@YashvantMangal]

Mahooll...

[@coldbun6537]

Hi Sir From where do you get your Suits stiched ? Looks nice

[@YashvantMangal]

Thank u

[@eequalsmcsquared6648]

I thought Rule 42 and Rule 43 were excluded from syllabus. Weren't they?

[@veerhanuman4394]

No

[@YashvantMangal]

Rule 42 & 43 excluded from Intermediate syllabus, not ca final

[@mansibanthia6364]

Gazab sir gazabbbb 🔥🔥🔥

[@ThugLife-qc5iw]

Speed slow kijiye yaar sir... Kitna fast bolte hoo

[@bhumikapanjwani9855]

Sir will you upload amended revision lectures for ca inter dec21? Or we have to watch revision lectures which are already uploaded for may 21?

[@Charteredprateek]

38:15 Mahaul

[@anupparashar25]

Mahool ek dum ❤️

[@sagarsachdeva830]

27:03 35:07

[@growth_mindset12]

Mahoool sir.... Best best best!! I will do this time😇

[@manikakumari2457]

Best lecture ever😇😇

[@rajadey1552]

Sir, agar bike & vehicle 25cc tak ho toh🤭

[@blissfulneha3513]

Sir this is ca neha jain sister of ca shalendra jain your Rvg room mate in mumbai Anyway I m big fan of your way of teaching....lots in shorts formula🙂with full of enthusiasm .i was first online batch student of yours too, my bro recommended Sir I want your summary book for time to time updations of gst How can I get it

[@tanmayvarshney9200]

14:55 86b

[@ManpreetKaur-db7qq]

Sir, should i refer these lectures for nov 22?

[@YashvantMangal]

Yes you can with amendments

[@satyamkabra2879]

Aaj pta chala 10 ka credit kyu mila.😅

[@PP-ki7up]

Commendable job sir 🔥 such a smart revision