Manner & Utilization of ITC in GST | ITC Sett off provisions

👨🏻‍🎓Join our practical course in GST, Income Tax & TDS - fintaxpro.in/c...
📍For consultancy please contact below
📩 [e-mail]
📞9718097735
📍For query related to course please contact below
📩 [e-mail]
📞8368741773
Cheers Folks
Thanks for Watching :)
Our Website - fintaxpro.in/
Our Official App - bit.ly/33lLehP
Our Social Handles- linktr.ee/fint...
Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of KZbin videos.
©️Fintaxpro Advisory LLP

[@SANSOFTSMARTSHOP]

Saved rs 24899 with your valuable advice in your video. Really very thankful to you bro. Thanks, a lot.

[@FinTaxPro]

Great 👍

[@kondamuriLakshmi]

Good

[@swapno8677]

Your unique style of teaching really appreciating. I pray this channel to become a 500K subscribers destination 🙏 Thanks, Sir

[@user-zt8du2rf6m]

Thnku sir apne bhutt ache se explain Kiya bhut ache smjh aaya mujhe.....offc m 3b filed krte tym m yhin per atak jaati thi...but Aaj smjh m aaya mujhe

[@keshavmishravlog8967]

Very strategically your mind 😏 mind blowing

[@aftabhussain4138]

Kamaal ho Gya ek baar me chala Gya under

[@sunilsamal1551]

Sir it's clear my dought about ITC setoff process....Thank you so much sir (Odisha)

[@gourishankarsharma575]

Too much helping solved many confusions..

[@Jyotiverma-rt2ix]

Thanku so much sir for your priceless efforts plsss make more videos

[@hindutech.d.p2814]

Bhai bhot bhot dhanyawad aapka Jo kisi ne nhi sikhaya wo aap ne sikhaya hai

[@crazyboys1897]

Sir i am ca inter student i watch your all videos know i am working in CA firm

[@rajuthakur-ed1oh]

Supurb............... Tabiyat Khush ho gaya sir, GST wale aap par gussa karenge aapne cash bacha liya😆🤣🤣🤣🤣🤣🤣🤣

[@deepakpatel4083]

Ye kam maine ye video dekhne se pahle kar li thi 😊

[@dhparmar2810]

Excellent

[@sahoo7ankit]

VERY GOOD SIR APKO SARI BATE DIMAG ME RUKTI HAI .....

[@sidindian8128]

Great Dear . You saved 258000 of mine to be paid in cash .

[@neerajsingh-uq4pn]

Great dear sir bhut badiya trif s samjatey hoo aap

[@Uniqueaidni3054]

Thank you sir bilkul aasani se aankh gya like ABC

[@dumarigautam7314]

Sir apne bahut nicely tarike se samjhaya hai

[@siddhantrajput20]

thank you very much sir aapne itne acche tarike se samjhaya ki m ek baar m hu samajh gya 🙏

[@BaniyaBeing]

Very nicely explained 👏

[@basu3448]

Ur explanation is super sir...pls do more video on GST related it's more useful to all ...

[@kondamuriLakshmi]

Thankyou, for your great!! Practical explanation ❤ Explained great, sir 🎉

[@kondamuriLakshmi]

Being, a CA inter student 😊

[@thesumannegi2]

Thank you so much, it was helpful indeed

[@dhparmar2810]

Splendid

[@tabrezquadri7838]

sir main karta hun toh red hi ata hai but abhi dhayan se dekha toh ek baat ye samjha ki igst ka balance equally divide nhi karna hai ek rupya zyada kam rakhna hai ye baat aap video men bata detey..

[@user-ng6ol9bn2l]

Very useful thanks

[@dhparmar2810]

Best

[@tallyclass9745]

Very helpful vedio thanks sir🙏

[@khileshsahu956]

Thanku so much sir 🙏🙏

[@mansoorthottiyil]

love your method of teaching

[@imtiyazkhan530]

Dear sir one humble request from kashmir myself imtiyaz request is to start teach GST in FREE as u have a wonderful talent if u do so i hope GOD will give u its reward

[@FinTaxPro]

Yes already put many videos on youtube

[@imtiyazkhan530]

Yes sir i watched those but my request was to restart agaim GST from basic with practical plz

[@nitinvanjare7873]

@@imtiyazkhan530 k

[@GurlalSingh-ho7vz]

Bahut achi video sir,,,ek video balance sheet Excel me ca kaise bnate hai wo bna do sir 🙏❤️

[@Sg_Gaming456]

THANKS SIR VERY GOOD

[@radha1778]

Thank you so much sir 😊

[@nikhil19oct]

Great!

[@dhparmar2810]

Useful

[@saradaswain3136]

Thank you so much

[@byaanbazi9304]

Thank you sir for a wonderful video! Sir Please clear one doubt that Restaurant s can claim ITC?

[@rajadey1552]

As per the Circular No: 98/17/2019 dated 23 April 2019, it has been clarified that- As per the provisions of Section 49 of the CGST Act, credit of integrated tax has to be utilised first for payment of integrated tax, then Central tax and then State tax, in that order mandatorily. 👆Sir '*in that order mandatory*' likha any manner toh likha nhi.... Plz reply

[@mrmrsbhuyansvlogssupportid3385]

Exactly. I also read this circular.

[@1aditya11]

Yes ur correct

[@jackymorwal]

YES I READ TOO.

[@rohanyamgar8730]

Thank U Sir to the Point to Point Details 😊

[@DineshMandal_OfficalVlogs]

Thank you so much sir

[@mustakkhan1140]

I am very very excited 😁😁😁

[@shalinivarthvani3393]

Tku... It was very clear

[@rinkudidwal3215]

Happy.. Tnx bro 🙏🙏

[@aashishsharma3212]

Awesome

[@adrishray2270]

Thank you

[@NishaKumari-ux9iw]

Sir mujhe apka channel Bahut accha lagata Aapse meri request ki ek video me input Jada le liya phir use kaise pay kare or kab

[@akshaydavlogs1871]

Bahi Must Bilkul🙏🙏👍👍

[@DineshMandal_OfficalVlogs]

Thank you sir

[@pucchucreations2544]

Bhadiya 👏👏👏👏

[@aniketpawar9149]

Sir, I did in following manner, IGST credit of 11,337 utilized for CGST (liability) and SGST (liability) by 2,529 and 8,808 respectively, And CGST credit of 15,068 utilized for CGST liability by 15,068, SGST credit of 15,108 utilized for SGST by 8,789.

[@swapnilmarchande2301]

Most professional use IGST amount devide in to 2 and equally distribute CGST and SGST

[@ShriramGupta222]

you can use it now , but what if next month tax liablity comes to 10000 then you have to pay more for utilization. prefer using half distribution because it'll help in future sales

[@gourishankarsharma575]

Its very nice video..

[@zameerchaush007]

Thnq sir it’s very useful for us 🥰

[@surajverma4415]

Thank you sir very helpful video

[@sonam.23agrawal]

Igst ke payment ko sgst ke credit se set off kar sakate hai

[@dakshali.vichare]

Extremely useful video sir 👍🏻

[@dhparmar2810]

Well clarified

[@javeedahmed3387]

Sir ap cresit ledger transfer ki bat kar rahe ya cash ladger ki sir,

[@byaanbazi9304]

Make a video on Restaurant GST return, GST rates, ITC claim and purchase From authorised and unauthorised person s?

[@saurabhaggarwal2108]

Sir kya hum direct sgst igst main adjust kar sakte hai agar cgst balance avilable hai

[@abhinavsingh9646]

informative

[@ankurchauhan7444]

IGST का INPUT HUM aadha aadha utilise kr सकते है CGST AUR SGST MEIN

[@subbukaramsetti1315]

Thank u sir

[@pangaramarao4133]

Thank u so much sir

[@devansh3809]

Nice explanation. You are great.

[@luthrashaab]

Sir ITC ka igst credit ledgers m balance hona chaiye ye tabhi possible hai

[@chayangore5031]

Can you modified same example with IGST output also

[@keyur_raval]

Thankyou so much sir for this information🎉

[@sanjitkumar2168]

Thnx sir

[@siddharthasankarpanda7478]

Dear sir kya igst ka bal kya sgst se adjust ho payega kindly reply

[@rajeshrajput.]

Thanks

[@ArtistParthParmar]

Very helpful 👏👍 btw awesome content 😊👏🔥🔥🔥

[@SunnyArtGallery]

Agar CGST aur SGST dono k input amount me differents hai to kasie adjust karge to same value ho jayega. Ek video usme bhi

[@sonam.23agrawal]

Sgst ke itc se igst ka payment set off kar skate hai

[@diwakarsaini332]

You too good sir

[@ramugehlot1274]

Sir mere gst portal par cash ledger me IGST 80000 balance he par jab me gst filling kar raha hu to mera cash ledger se CGST setoff nahe ho raha he kya karu

[@shubhambobade6177]

Bhut khub sir ji

[@khalidtaylor007]

Agar previous month ka ITC claim na leke 3B file kar diya....to uss unclaimed ITC ko kaise lete hain?

[@vijaydai332]

Sir kya cgst & sgst igst se utilise kar sakte he kya

[@nitinlalwani9180]

Hello Sir If Client - Are in Audit Slab. Sale Is More Than 1cr. How to Do Accounting All Meesho & Flipkart Sell In Tally Prime.

[@dhparmar2810]

Powerful

[@devindersethi14]

good

[@prashant_pritam]

Thank you for useful information

[@preetikakundnani8696]

Thsnkyou in advance

[@sonam.23agrawal]

Can igst taxes sgst se set off kar sakate hai

[@tabrezquadri7838]

Hello sir kya baat hai, kya khoob aapne utilisation ki hai, lekar n mera sawal ye hai, kya aapne jo ek rupya ka amount ek me kam aur zyada karke adjustment kiya. Kya ye aap around 50 Paisa me equally setoff karsaktey they na

[@commerceeducationpointcep1359]

Very nice and important concepts sir 🙏🙏

[@SUNNYKHOSLA-vx3ts]

Sir Can we revise once utilised manner

[@savitrikhulbe810]

I am late in this session Pls also teach eligible and ineligible RCM in 3b

[@Tally652]

Good knowledge video sir

[@nikhilns7425]

Sir, Please provide the clarification in the comments section as "The method told for utilisation is wrong" The correct method is IGST input first to IGST and later CGST and then SGST Refer section 49(5)(a)

[@Dhirendarkumar]

Sir ye new rejeem h ya old...? Confused

[@tabrezquadri7838]

Mera ek sawal aur ye bhi hai kya koi Input IGST pada hai ITC me, to kya output me CGST & SGST me ITC le sakta hai na?

[@Study_partner__24]

Thank you sir ❤️

[@hiteshwadekar5537]

CGST first IGST se than CGST se set-off hoga. SGST first IGST se than SGST se. IGST first IGST se than CGST & SGST

[@trppune4601]

hi sir, is it RCM applicable for Rent paid on Godown for business purpose?

[@pradeepshende9416]

Sir is same rule applicable today dt 22 Jan 23 or not, In one vedeo he replied it was old method, now we will adjust with igst then cgst and then if any balance adjust with sgst

[@rohanshirsat7]

If two business register under same GST number for example transport company and electronics company if i buy refrigerator of one lakh from wholesaler and paid 30/% GST on that I will get that ITC now if I have to pay GST for my transport company can I offset that with the ITC i received from my electronic business

[@amitbag751]

Sir, If I have only igst liability in a month and only having ITC in cgst & sgst credit ledger (No ITC in igst credit ledger). And I want to offset the igst liability from sgst credit ledger only. Is it possible or 1:1 setoff karna parega please reply....

[@riteshvs4949]

How to claim itc if supplier is not paid gst