Input Tax Credit under GST Scheme - Section 16 of CGST Act, 2017. CA/CS/CMA - 2019 & 2020 Exams

This video explains about Input tax Credit and the due date to utilize such credit. Applicable for December 2019 & May / June 2020 exams. Do like, Subscribe and hit bell icon for further notifications.

[minuramukabhupal]

Very simply explained. Thanks. Keep uploading such videos.

[sidhnathmishra]

Very nicely explained Sir Thank u so much 😊

[spsingh]

If March 2020 ka return file after sep 2020 so claim of itc month of March 2020 valid or invaled

[shilpi]

Thank u sir...sabhi doubt clear ho gye

[sourabhrathi]

If invoice on supply of goods dated... 15/may/2018....so IS that ITC can be availed before 20/oct/2019.or. Date of annual return which ever is earlier

[abdealikiranawala]

I think time limit mentioned in Sec 16(4) is for taking ITC of any invoice or debit note if we have missed any. It is not for carry forward of ITC once availed in return. We can carry forward ITC for any period once we have availed it till it is utilised, so there is no time limit once credit is availed.

[roshinithomas]

My supplier not filed the return but I took the ITC 20% for F.Y 2017_18, is there any rule that within September 2018 though my supplier not filed the return, suppose I should reverse the excess ITC ?

[mohangangu]

Is claime ITC, purchage from gstr-3b return non filer ???

[nityanandyadav]

Can we file any appeal against the order of section 16/4

[maheshkumarsaroj]

Sir invoice bhi ek year se jyada ki nhi honi chahiye

[PriyaSharma-ofsy]

Thanks, Explained well
but its very noisy in background

[shashankaraganji]

Sir if 3B of March 2019 is not filed till Dec 2019, can I have option to take input tax of invoices of purchase of goods, while filing the GSTR- 3B of March 2019

[poojarani-tshp]

If we didn't file Any return till date then can I claim credit for respective month if I file return now...let's say credit of aug 18 for return of August 18....

[suryaverma]

ITC SET OFF TIMLY AUTO CALCULATION HOTA H GST PORTAL ME.. YA ITC HAME KARBA HOTA H

[saleemin]

Sir, great effort, congrats.
sir, invoice related to June 2020, against which the ITC is not claimed (or missed out), can i claim it now (that is in Sept 2021 filing)? or is it loss to me? appreciate your valuable advice.

[ankitkukkar]

Sir agar meri returns hi file nahi huyi hai 18-19 ki abhi tak toh kya mijhe ITC milega

[Saurabhgupta-xjrt]

Kaam ki baat jaldi bataya karo sir....itna time lga diya

[shilpi]

Thank u sir...sabhi doubt clear ho gye