Sir apka samjhane ka tarika aur apka analysis kisi b point ko k leke mujhe bohot acha lagta h.. Mein apki video dekh dekh k bohot seekhta hu... Mere kaafi aise confusion the jo apki video k madhyam se hi solve hue.. Thanks sir .. Please hamesha ap alag alag topics pe detalied video post krte rahe sir.
@NeerajKumar-qx2lr3 жыл бұрын
Thanks sir for clarifying on this burning issue of itc.. very apt and logical argument for claiming itc as of now duly backed by act..
@sivasundaram65223 жыл бұрын
Excellent presentation sir
@deepakbhuj18733 жыл бұрын
Sir, you are excellent and master. Please continue with this videos to keep us updated think beyond lines.
@parmarvicky823 жыл бұрын
Newly inserted clause “(aa) the details of the invoice or debit note referred to in clause (a) has been furnished by the supplier in the statement of outward supplies and such details have been communicated to the recipient of such invoice or debit note in the manner specified under section 37;”. This is a newly added clause aa - under sub-section 2 of section 16 of CGST/SGST/UTGST Act. It has given the time limit for the invoices furnished according to section 37. Section 37 has 3 clauses for furnishing invoice/debit note : 1) 11 days from the end of tax period 2) Which is not operative - Mechanism is not provided in form GSTR-2 3) Within due date of September of following the end of financial year to which such details pertains. Now here the condition given to avail the itc is not the specific tax period. It is according to section 37. Invoice/debit note should have been furnished according to section 37. Hence it has no relation with transaction of certain tax period must have been uploaded in the same tax period GSTR-1 Return. Specific time limit is given under rule 36(4). We can always take the stand that we have been given time limit if certain invoices are not uploaded by our suppliers in particular tax period, but before the last date given under sub-section 3 of section 37, then no question arise to disallow the input tax credit, if invoices/debit notes are uploaded u/s.37(3). When ITC is availed under this clause i.e.(aa) of section 16 of the Act which is passed by parliament, then it will override the provisions of rule - 36(4). What is your view for above logic sir ?
@bharatkachhadia81173 жыл бұрын
V Nice Explanation about 2A & 2B with Example Thank u Sir.
@ashimbakhtiar17873 жыл бұрын
Best explanation for my concern, thank you sir 🙏
@AjithKumar-gg4dx3 жыл бұрын
Valuable and meaningful information Thank you sir
@anilkantiwal50663 жыл бұрын
Your way to define each and every concept are awesome 👍
@prathmeshsharma9393 жыл бұрын
What a great clarification sir , 🧲🧲truly attracted with your knowledge.
@chandrikathamalloor14383 жыл бұрын
Good class sir...thank u very much from Kerala
@mishariff14163 жыл бұрын
Sir ji Excellent analysis.
@santoshbehera46213 жыл бұрын
Very good understanding speech.
@shrabani7163 жыл бұрын
Sir i had taken gst classes from you at the very beginning of gst that in early 2017 and your explanations help me a lot to understood gst law and provisions and grey areas in it. I must say your power of explaining provision is awesome and best
@amitjain84943 жыл бұрын
thanks sir for making gst more interesting...
@stayupdatedwithcarishabhag76723 жыл бұрын
Whether we need to check 2A/2B or not. It's totality depand upon case to case and client to client since it's letigation related issue. If we will not follow rule 36(4) then syatem generated notices will come and will have to do regularly reply to the deptt. For escaping all this replying it's better to take ITC as per 36(4) but yes where is amount is big and client is ok for violating rule 36(4) then we can book ITC as per books. Nice Video Sir. Regards, CA Rishabh Aggarwal
@jacobsanthosh65333 жыл бұрын
Thank you sir for your very informative and interesting presentation .. I am being a Tax Practitioner .. I have printed out this contradictory matter before the office of the finance minister and GST Secretariat. Especially for the month of April and may 2021 GSTR 1 due date is 26 and 28th of preceding month and GSTR 2B will be available from 29th only. In such scenario government came out with notification 18/2021 asking interest from 21st onwards .. No reply from the authorities .. As you said in the vedeo it's wastage of time money and mental peace .. Who cares common man .. they want only millionaires ..😎😭
@advocateharvinder95663 жыл бұрын
very good analysis, excellent guidance, we are already litigating and will litigate the matter with concerned authorities
@mukuljindal88793 жыл бұрын
I feel , government is deviated from the basic fundamentals of GST , simplified credit and one nation one tax. Only objective is to cash collection from the business. Day by day credit availment Conditions are being added without looking at consequences and legality or feasibility of the provisions. Soon all the small businesses will either be closed or shifted off record transactions. Eventually this will impact all of us including professionals. I hope our professional fraternity should raise their voices and concerns to make it simplified otherwise only big four will be the only surviving consulting firms and top ten MNCs will capture all the market share. End result will be poverty. Already Bangladesh is doing better than india... Soon we will be looking at the Pakistan growing faster than India.
@sahilthakral22443 жыл бұрын
Thank you sir for updating our knowledge..
@hemendrakumarvarshney88253 жыл бұрын
Mr. Jalan. With due respect to your views, I would submit that GSTR-1, is a monthly detailed invoicing return- a report for the month, whereas GSTR-2A & GSTR-2B are Reports Dynamic and Static (with data flowing from GSTR-1 and 3B ) showing available balances as ITC. The date of filing GSTR-1 is prior to GSTR-3B to enable ITC, in the month itself. It seems intent of law is compliance by both parties Buyer and Seller.. Merely having physical invoices, delivery of goods and services, payments are off-line transactions to GST portal which is paperless and image free. Just data and figures. The Govt is also forced to do so because of misuse and fake and fraudulent invoicing by the people engaged in business and transactions handling. Though legally it may be ultra-vires but intent of law and law persuaders are equally important. Plz correct me if wrong.
@cabimaljain3 жыл бұрын
Govt. should take action against defaulting suppliers...why credit would be denied to buyers for fault of suppliers...
@carahulmahato3883 жыл бұрын
Wonderful experience sir
@ca.pankajgoyal32503 жыл бұрын
Very well explained ..Thanks sir
@kundukulamvarappanantony39863 жыл бұрын
THANK YOU SIR FOR YOUR GREAT PRESENTATION
@sonuagrawal98873 жыл бұрын
Sir, as a student i always feel that this provision is hampering right of natural justice of recipient even if they have complied all the provision. The government is burdening their inability on the taxpayers by denying the credit... This seems to be a draconian provision of our Gst law. Thanks a lot for sharing your valuable information sir..
@camahendratomar20933 жыл бұрын
Thanks For Explaining
@abhishekbajpai57333 жыл бұрын
Thanks Sir for updating burning issue
@balunavaneetham3 жыл бұрын
Well explained sir. GST R 2 A became a audit check list, it's clear that availing credit of goods which were in transit (physically not received) is not supported in GST law. Heard some of taxpayers availing credit on those transaction as bills reflected in GST R 2 A. GST 2 B also take those values in auto popluated figure.. It may create lot of confusion..
@cabimaljain3 жыл бұрын
Take credit in the month Goods or services received
@allampallynarsingrao52083 жыл бұрын
Sir excellently presented.thank U sir
@labanyadharbaniah5251 Жыл бұрын
These two have no relevance as held by apex court in case of Bhatti Airtel Ltd case . It's just a facilitator only as the basic and primary statutory documents for availing ITC is Tax invoice and Tax invoice only.
@dhsikka3 жыл бұрын
Very well explained sir,,, thank u so much
@ashokkhemka28683 жыл бұрын
One more condition and difficulty being faced by the recipient that even after the proper e invoices are created by the supplier is not being auto populated as ITC available in GSTR 2B and GSTR 3B .What recipient should do?
@dishikar8393 жыл бұрын
Great video sir
@navindamani76163 жыл бұрын
Sir shd hv mentioned in his video tht though it is rule people must follow it ,so that we file gst returns on time ,it will ,benefit everyone ,supplier,receiver nd Govt.the rules can b notified anytime but we must encourage clients to get accustomed ,instead of saying dont follow rules as it is not notified and go into litigation with deprtment
@cabimaljain3 жыл бұрын
Appreciate...kindly understand theme of presentation...
@abhinavpritimehta91643 жыл бұрын
Thank you very much sir.
@SatyaSanatan3393 жыл бұрын
Hats off 👏 Sir
@vgraghu6283 жыл бұрын
Now as per GST rules GST r2b for the month of May is populated on 28 June now if I file GST r3b for the month of May after 28th June there is a provision of interest liability. since 2B is the document I have to rely on for claiming ITC why they are charging interest on filing 3b if filed after 20th June sir
@hemendrakumarvarshney88253 жыл бұрын
So the law is 3 years old now and changed a lot. With doing away of filing of GSTR-2, instead bringing GSTR-2A, 2B as reports. Your views should surely draw attention of Govt to change the law by adding relevant provisions to settle down unnecessary litigation and wastage of time and resources. 🙏
@ramendrasharma5393 жыл бұрын
Sir please start coaching for ca final idt.
@a.ranjeetsingh34003 жыл бұрын
Great Sir🙏🏻
@eshankothari11193 жыл бұрын
Respected sir aap GST ke bhagwan hei but kabhi kabhi bhagwan se bhi complain kar deni chahiye, sir ground level par bina court jaye kitne aise case hei jaha deptt ne gstr 2B /2A mei na show hone par ITC allow kiya hei?They says 2B/2A bhi section 16(2) ki condition fulfil karna show karta along with gstr 3B filing status, it shows that supplier has paid the taxes, they says agar wo kam pay karega to mismatch ka notice bhej denge supplier ko but u fulfil ur conditions to avail ITC
@write2swapnil412 жыл бұрын
Sir, you didn't discuss the 4th condition to avail ITC... the condition is the tax should be paid to the government... If the supplier hasn't filed GSTR 1 & 3B and didn't pay the tax to the Government, can a recipient still avail the ITC????
@ferozkhanpathan71573 жыл бұрын
Sir, Amnesty scheme 2021 is upto 31st Aug-21. But while filing of composition return for the quarter Oct-17 to Dec-17 with having turnover penalty showing on portal of Rs. 5000+5000 for cgst & sgst and interest also showing. Why this is happenig sir please reply me soon .
@21san3 жыл бұрын
Sir what if supplier files g1 late and tax liability arise while filling g3b and payment made in cash and next month supplier credit comes in credit ledger how to get refund in cash
@arpitgupta88013 жыл бұрын
What should we do ? If it is irrelevant still we need to follow. Or suggest the middle way.
@cabimaljain3 жыл бұрын
U may decide as per your business exigencies
@sksahay92513 жыл бұрын
But sir ...relevance of 36(4) is there, so reconciliation with GSTR 2A is necessary. Mistakes can be amended in following months
@rohittripathi39473 жыл бұрын
Very nice sir 👍👍
@prashantsrivastava13333 жыл бұрын
Thanks sir for your valuable information
@prasadnilugal46913 жыл бұрын
Very nice info sir
@sivaassociates21223 жыл бұрын
Very useful information.. Thank you sir.. 🙏🙏
@akshithvaranasi13523 жыл бұрын
Excellent sir
@mukeshpnaranghufmukeshpnar4743 жыл бұрын
You have not made any reference to section18 (2) for itc credit time limit is one year from date of invoice supringly
@santoshbanduni95193 жыл бұрын
Sir Maine feb mein Rs.10000 igst sale ki thi, but Apr month mein Maine ushi invoice pe credit note issue kardiya tha Rs.7000 Ka now aab Woh Rs.7000 Jo Maine zyada pay kardiye hai Woh sirf igst se hi setoff honge aise kaunse section mein Likha hai ?
@hemendrakumarvarshney88253 жыл бұрын
Filing of correct and error free data in the Return are equally important. You yourself has mentioned no. of times in the example, of this error or that error by mistake. Humongous data, it's analysis and it's administration in time is equally important. So ITC is based on maker and checker concept. There are eligible and ineligible ITC items for a business, still intentional or unintentional wrong ITC are availed by businesses till captured by survey and audits. There are fly-by-night business operators with revenue (Nation) losing. End of the day taxes are to Nation and Nation is by the people & for the people. Law will be simple if people are honest. Do you agree.🙏
@sanjayjaiswal34633 жыл бұрын
Sir We importer and paid igst at icegate but not reflected in 2a Hence can not be taken What to do ?
@SatyaSanatan3393 жыл бұрын
Sir, can you please explain "Adjusted Turnover" in the context of Inverted Tax Structure Refund as per the Notification 39/2018 dated 4th September 2018 point 5
@navindamani76163 жыл бұрын
Instead of fighting with gst department tht ur rules are not tified,its better to file return on time as per new rules ,New rules of 2A and 2B has made clients discipline ,to file gst returns on time.
@sureshgupta81223 жыл бұрын
We availed less credit in the month march inspite of having same in GSTR 2A & GSTR 2B.Now we wish to claim the same in May but it will violate Rule 36 (4) capping. What should we do in this case?
@cabimaljain3 жыл бұрын
Take credit...if eligible
@usmanayser3 жыл бұрын
Please also made videos in Hindi also so we better understand
@irajatsolanki3 жыл бұрын
Sir after big litigation in hc or sc loosing to taxpayer for rule 36(4) they would retrospectively notify sec 43A We should argue also that rule 36(4) is ultravires to the Cgst act and cannot be made applicable retrospectively
@cabimaljain3 жыл бұрын
Yes...that's is what i m saying in video captured
@sanjayhatria60372 жыл бұрын
Sir, can you explain or reply one problem facing related to itc that "if itc claimed by a taxpayer (sunil) wrongly in 2018-19 as it did not reflect in GSTR-2A due to supplier's wrongly mentioned his GSTN in GSTR-1. As Sunil (taxpayer) was also partner in this wrong GSTN which had registered in VAT and migrated automatically in GST by 2 GSTN (One was in proprietorship firm and another in partnership firm) but in partnership firm there was no return filed and actived (invoices reflects in its 2A). What about ITC reverse?
@ca.deepaksharmacpa3 жыл бұрын
Very Nice
@ca.surajkesharwani29443 жыл бұрын
Sir, if we take itc as per books then how to fight with govt w.r.t rule 36(4) ??? Please reply sir.
@aramseitamizha66673 жыл бұрын
Sir RCM credit to be availed in the same month or next month - ur take on this matter !! Eagerly waiting for a reply from ur end with legal reasoning 🙏🏻
@cabimaljain3 жыл бұрын
Same month
@aramseitamizha66673 жыл бұрын
@@cabimaljain thanks a lot sir 🙏🏻
@haripawale26613 жыл бұрын
Sir our ITC shown in 2A but supplier not filed the GSTR-1... Supplier upload only GSTR-1 data so in this can I avail gst credit...??
@soumyajeetpattnaik69173 жыл бұрын
Sir Can DRC 03 be paid from ITC ? Department is issuing notices to claim refund of ITC (already debited for making payment in DRC-03) and again file DRC-03 and pay taxes in Cash only . Please throw some light on this issue 🙏.
@simerleensingh8813 жыл бұрын
Could you tell what cause of payment you selected while filing DRC-03? in my mind you may be selecting "annual return"as cause of payment...right?
@soumyajeetpattnaik69173 жыл бұрын
@@simerleensingh881 No sir, I selected voluntary
@simerleensingh8813 жыл бұрын
@@soumyajeetpattnaik6917 of which year you have made the payment..? As per my understanding.. you can object the notice... If you have made previous years payment using ITC ...you can do this as there is NO restrictions in GST to set off past liabilities using current ITC...challenge the notice ..
@soumyajeetpattnaik69173 жыл бұрын
@@simerleensingh881 it was for FY 2019 -20 department is treating any liability not paid in gstr 3B as additional liability ! So saying it has to be discharged in cash only . Heights he interpretation ki .
@cabimaljain3 жыл бұрын
No need to pay again..if paid through credit vide DRC 03
@talenttadkablends72993 жыл бұрын
Sir what about the red alert shown when itc availed is more than 5%
@ca.surajkesharwani29443 жыл бұрын
Sir, it mean can i take itc on the basis of books of accounts only???
@cabimaljain3 жыл бұрын
yes
@ca.surajkesharwani29443 жыл бұрын
@@cabimaljain thank you sir
@bhavin_shah3 жыл бұрын
So does it mean we can avail ITC on the basis on available tax invoices till the provision is notified?
@prayastax3 жыл бұрын
Plz don't invite litigation
@siddharthmujumdar67293 жыл бұрын
Please inform any HC reference for ultra wires rule 36(4).
@biswajitnag9103 жыл бұрын
Excellent. Very useful for settling arbitration.
@jagdishnagar7293 жыл бұрын
Sir on this issue statutory Auditor and GST Auditor both the qualified auditor report even after proper explanation about this what to do?
@cabimaljain3 жыл бұрын
Take Judicious call for the benefit of taxpayers...insert your comment as auditor
@dillipshaha53013 жыл бұрын
How do we know that the supplier has paid the tax?
@kunalgola10083 жыл бұрын
Sir, any chance of getting refund of f.y 2017-18 if RFD 01 not filed within stipulated time of 2 years.
@devindersethi143 жыл бұрын
good
@neerajbatra21553 жыл бұрын
sir, your voice is not properly audible
@jayantjain413 жыл бұрын
If Supplier located in SEZ area and our 2A / 2B not showing credit. Can we avail credit directly If It is more than 10 % of total credit in 2A ?
@cabimaljain3 жыл бұрын
Yes
@mukeshkumarjha86713 жыл бұрын
Sir with due respect I would like to know one thing that how will i confirm, suppliers had deposited tax?
@soumyajeetpattnaik69173 жыл бұрын
Check GSTR-3B Return Filling Status .
@eshankothari11193 жыл бұрын
@@soumyajeetpattnaik6917 Sir GSTR 3B file kar diya but say 1 lakh ki taxable supply tha, apka invoice 10000 ka tha , supplier ne apka invoice consider kiya hei nhi , supply bta di 90000, status 3B ka to filed hei show karega
@eshankothari11193 жыл бұрын
apke 2B mei ana chahiye ,means ki GSTR 1 to supplier ne file kar diya apke invoice ko consider karte hue, than check 3B status , means tax bhi pay kar diya , ab supplier ne 3B mei apka invoice ka tax pay bhi nhi kiya to deptt GSTR1 aur 3B Ke mismatch ka notice supplier ko send karega ,humari risk khatam because GST3B invoice wise file nhi hota
@soumyajeetpattnaik69173 жыл бұрын
@@eshankothari1119 bhai aap ne bilkul sahi Bola. People are doing this without any hesitation and caution .
@sutharkiran73723 жыл бұрын
Sir please hindi me bhi expain kariye.. english jyada samaj nahi aata hai . Please sir answer ??? Mere CA Sir kahte hai ki aap ke videos bahot acche hote hai. But sir english me jyada samaj nahi aata so upload too in hindi
@cabimaljain3 жыл бұрын
Pls understand my position as well...get request for hindi and english...try to learn with me