Restriction on provision ITC as per Rule 36(4)

📍In this session we will cover the important update on Sec 16(2)(aa), inserted by Finance Act 2021. As per Sec 16(2)(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. However please note this clause is still need to notify by the CBIC. On the other hand Rule 36(4) provides 5% provisional ITC on eligible ITC.
👨🏻‍🎓Join detail course in GST - fintaxpro.in/c...
📚Books i refer for GST
👉Taxmann’s GST Ready Reckoner - amzn.to/3mIYOTG
👉Taxmann's GST Practice Manual - amzn.to/38DGS4R
👉GST Bare Act (Updated) - amzn.to/3gJEg9K
👉Taxmann's GST on Works Contract & Real Estate - amzn.to/2V0KxX6
📚Books i refer for Income Tax
👉Practical Approach to Income Tax (Dr. Girish Ahuja) - amzn.to/38op9Ox
👉Income Tax including Tax Planning & Management (Updated) - amzn.to/3yvtj1H
👉TDS with Advance Tax and Refunds (Taxman) - amzn.to/3Bl5AmE
👉Direct Taxes Ready Reckoner - amzn.to/3zoroxb
📍For any query please contact below
📩 [e-mail]
📞CA Rajat Garg 9718097735
Cheers Folks
Thanks for Watching :)
Team Fintaxpro
Our Social Handles-
🔗FB - / fintaxproca
🔗Instagram - / fintaxpro_ca
🔗Twitter - / fintaxpro_ca
🔗Linkedin - / fintaxpro
🔗KZbin (Fintaxpro) - / fintaxpro
🔗KZbin (Fintaxpro Finance) - / @fintaxprofinance8619
🔗KZbin (Fintaxpro English) - / fintaxproenglish
🌏 Website - fintaxpro.in/
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

[@surajkumar7995]

Best explain sir, it will help to me in CMA final study

[@FinTaxPro]

Glad it help

[@CMA_parveen]

Great

[@sagarpaul1599]

Sir, you are my mentor. Sir, one request, ROC k upor video lectures banaiya please. 🙏🏻

[@FinTaxPro]

Yes we are working on it

[@manvibajaj2403]

my gst portal show provisional credit blance and i have itc but tax libility but not adjust with itc what doing

[@i.a.a.g.e2505]

Meesho ke throw sale karte hai meesho apna inv deta jo inv deta wo inv apna dalta aur gstr 1 mein dalenge jo hamne flipkart meeshi ko sale karte agar document summary dalenge wo meesho flipkart sab milke document summary jsn utha raha example meesho pnk899 flupkart fp899y document summary aisahi jayrgi

[@FinTaxPro]

2 serial number bhi daal sakte h aap

[@i.a.a.g.e2505]

@@FinTaxPro flipkart ka alag aur messho alag document summary

[@FinTaxPro]

Yes

[@i.a.a.g.e2505]

@@FinTaxPro ek hi club krke likh doon

[@Hegdebasavanna]

Great Vivek ji

[@FinTaxPro]

Glad you like it.

[@saikumardeshetti9280]

Sir is this rule applicable to imports of goods

[@i.a.a.g.e2505]

Itc 2a ya 2b se.consider kare

[@FinTaxPro]

Please check I button

[@satyamusn5666]

5% provisional itc taken in aug month that amount can be reversed in October 21 3b if the supplier uploaded

[@Illusionbhangrastudio]

🎉🎉😇😇💐

[@abhishekgoel3284]

I know you Personally😊😊

[@FinTaxPro]

😊