8 Situation for ITC ( Input Tax Credit ) Reversal in GST | ITC Reversal in GST
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- čas přidán 9. 03. 2023
- 8 Situation for ITC ( Input Tax Credit ) Reversal in GST | ITC Reversal in GST
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Rts professional study,Reversal of Input Tax Credit in GST - ITC in GST,GSTR-3B में ITC कैसे ले और ITC Reverse कैसे करे !,Reversal of input Tax Credit in GSTR 3B | Reversal of ITC in GSTR-3b | how to reverse itc in gstr3b,Examples of Rule 42- ITC Reversal,GST UPDATE|HOW TO REVERSE WRONG INPUT TAX CREDIT IN GST|WHAT IS FORM GST DRC 03|HOW TO REVERSE ITC,Section 42 & 43 Department can reverse your ITC
DISCLAIMER
This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, chartered accountant, tax professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.
hat's off for your easy explanation
Thank you Sir for this video
bahut saral bhasha me bahut hi achchhe sesamjhaya thank you
welcome
Thanks for Good Explanation.
You are welcome
Nice video sir
Excellent sir
Many many thanks
Excellent! Knowledge in short time.
thanks
Thanks Sir.
welcome
Axxe se samj gaye Waahh
Good 👍
Thanks
Thanks sir
Welcome
Si agar hum share sai related sale dikhate jo ki non gst hai to kya gst mai uska koi input tax reversal ka effect hoga
apka matlab hai ki exempt sales dikhate hai to
Sir, Can we utilize CGST and SGST Credit against IGST to reverse ITC
yes
Sir share this decent PPT
Sir kya November month ka ITC unused jo hai use January mein claim kar sakte hai while filing December GST in January
yes
Sir.. Wrongly file gstr1 nil. However having taxable amount for said period march, now question is 3b will be file with taxable amount or not?
you can show in next month gstr3b or gstr1
Sir gstr 3b 30th October ko jata hai na. Aapne 2nd case me 30th 30 September bataya hai.
ab time limit change hogi hai , 30th nov tak itc le sakte hai or wait for my video
Is there any limit of itc taken from personal use thing?? Like mobile laptop online purchase
must watch complete video
Sir 2022 ka itc available hai but gstr1 nil file kiya hu avi tak to itc ka kya krna prega
itc nahi le sakte hai time limit is over for 2022
Sir agar ek invoice mere 2B me dikh raha hai, par voh invoice mere pass physically NAHI hai as per sec 16....
Toh me usse reverse karunga ki uss amount ka ITC lunga hi nahi??
Please Clarify 🙏
yes reverse karna hoga if goods not received
Sir, supplier has by mistake uploaded invoice in his gstr1 on my gstr number and it is showing in my 2A. Now at the time of filing should i claim it and let him issue me a credit note and next month reverse it or should i not at all claim it and put it in ineligible
this not eligible itc you should reverse this itc in 3b
Sir but if in next month if he amends his gstr1 and in my 2b it comes in ITC reversal then as i have already reversed it in this month 3b next month i can take full ITC even though 2B figure is net off the ITC reversed by supplier
@@RTSProfessionalStudynice follow up question by nitam, can you answer this as I also have the same query..
You forget to mention the most vexing issues in gst reversal of itc on cancellation of supplier back dated
wait for my next video with case study
16 2 b ke bare me to aapne kaha hi nahi
I bought 10 cell phone from supplier, 2 out of them I sold and remaining items supplier took back.
8 cell phone jo wapas liye gye hn usko kaise show kren?
issue debit note
Sir ,what will be the treatment for Purchase return after 1 year?
If the Input Tax Credit (ITC) time limit, i.e., 30th November, has expired, you cannot claim it in the Goods and Services Tax (GST).
Mera to esa kuch nahi hai...Aur 3 month's se nill return kr rha hu...aur cancellation k liye bhi apply kr diya to mjhe ye Krna hoga ??? Usme zero submit Krna hoga ? Plz reply..🙄🙄
Plz sir bta do ye..!!
ITC Reverse ke against credit note issue Kiya to kya effect hot hai
kar skate ho
@@RTSProfessionalStudyDebit note issue karna padega ya credit note
Can we reverse unutilized itc through drc 03
yes
@@RTSProfessionalStudy in coloum tax liability or others,please reply
Sir agar hamari GST Liability 5% hai or us per hum Itc claim karte hai to hamesha Liability se jyada ITC rehta hai to kya hum aisi Itc ko claim kar sakte hai?
yes
Pdf de dijiye description mein nahi hai
sorry we can't provide
Sir, Agar 22-23 ke Nov me 320 Rs Kam ITC claim kar liya or March me 35000 excess claim kar liya 2B se to kase reverse karen. Pls batayen. 🙏
apko iski reconciliation banani hogi or 2022-23 ka reversal ka time limit over ho chuka hai isko to aapko drc03 se pay karna hoga
@@RTSProfessionalStudy sir kya payment karni hogi ya jo ITC available hai hamare paas usse hi adjust ho jayega. Kya interest bhi pay karna hai.?
Sir kaise pata chalega ki Buyer ne ITC liya hia ya nahi ?
ye pata nahi chalega only buyer se declaration le skate ho
@@RTSProfessionalStudy ok sir thx for replying
SIR , DAMAGE OF GOODS KI ENTRY KYSAI KRAI TALLY PRIME MAI
BOOOHT VIDEO'S DEKHAI KUCH B SMJ NHI AATA 😢
ITC writeoff ledger dr. to INPUT GST ledger cr.
Mai mai galti se gst input le liya hu...or 180 day se jyada ho gaya hai toa ab kitna fine bharna hoga
input reverse karna hoga
@@RTSProfessionalStudy sir .....CGST+SGST =218540.96/-
Sir please help me
Bill date 7/11/2022 ka hai 6 month se jyada ho gaya hai...espar kitna % intrest pay karna hoga
Sir please reply me
@@chandanchaudhary13 24%interest lagta hai annually
Sir hamne IGST ka ITC SGST head mein galti se le liya or ab notice aa gaya hai period 2017-18 ka.. is case mein koi case law dikha sakte hai kya.. department keh rha hai SGST head reversal karo interest pay karo..
Hamne koi government loss to Kiya nahi hai.. bus galat head mein input le liya hai .
Is se bachne ka pls suggestions dijiye sir
yes reversal karna hoga sgst act alag hai or igst act alag hai
Sir bank main apne aap 2,282 rupe aagy mere ! 😂
Reversal DT karke likha aa raha hai
Ye kaise aay ?
Mere bhi bank me credit ho gye
refund hoga
@@RTSProfessionalStudy woh paise aay kidhar se ??