IDT Revision CA/CMA Final May 24 & Nov 24 | Registration, Payment, TDS & TCS | Surender Mittal AIR 5

AIR1CA Career Institute (CA Atul Agarwal & CA Ajay Agarwal)
Topics Covered:
Registration
Payment of Tax
TDS & TCS

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[cafinalist]

1:50- Aggregate t/o
5:25 Threshold limit
12:09- compulsory registration
17:46-Person not liable for registration
20:28-Special points
25:04-Effective date of registration
27:26-Procedure of registration
35:22 CTP NRTP
37:52 Amendment of registration
40:11 Cancellation of registration
44:00 suspension of registration
45:00 revocation
46:00 UIN

48:18- Major minor head, gst pmt-09
54:20- ECRL
55:23- ELL
56:36- INTEREST with examples


1:08:53 tds working
1:11:45 who will deduct TDS
1:13:03 WHEN TO DEDUCT
1:15:23 TDS RATES
1:16:07 WHEN NOT TO DEDUCT TDS
1:18:48 TCS

[adarshmudliar]

Guys, request you all to please also like the lectures after watching the same. They are truly deserving😊

[ca_ayushigupta]

After taking classes from you sir my concepts got 100% cleared and then revising the concepts again from you only is like "sone pe suhaga". Best faculty for idt. Hats off to you and your team's dedication sir❤😊

[vaibhav_nitesh]

Sir Sect 30 me time limit within 90 days ho gayi hai after the amendment. 45:30

[bavadharani]

Thank u soooo much sir.... This is the first time iam studying this chapter... 100% concept clarity.... Thanks a bunch sir🖤🖤🖤

[adarshmudliar]

Always love the lectures of the team. It really boosts the confidence to next level. Thank you😊
RadheRadhe❤❤

[the_shubzzz]

some of your revisions are really helpful to me as well sir...I'm inter student..TYSM

[dhavalsoriya]

00:00 Registration
47:20 Payment Of Tax
01:08:30 TDS & TCS

[Mukesh_Kr._Jha]

Payment of Tax 47:20
TDS &TCS 01:08:30

[athravarajmv]

22:02 if ek hi state me two business hai, and single registration hai toh transaction of goods between principal place and addtional place me hota hai, toh kya ye transaction between deem distict person mana jyga?

Ek hi state me two business ke separate registration hai tab toh mana jyga suppy between deem distict person.

[hemantgaur]

Hare Krishna Sir, bank A/c update krne k lie updated limit 30 day h ..aapne with amendment class upload ni ki

[manishahotchandani]

By when we can expect may 2025 revison lectures sir ?

[alanvarghesebaby]

As per section 50 read with rule 88B, whether the period of interest ends if the payment of such wrongly availed input tax along with applicable interest is made before the filing of GSTR 3B of the subsequent month (since reversal could be made only in GSTR-3B). If so, it is to be made through GST PMT-06 and then later furnished in the GSTR-3B of the subsequent month to have the credit reversed?
Eg. Input wrongly availed in the return filed for December 2023 filed on January 18, 2024. The mistake was identified on January 20, 2024. Will the interest be restricted to 2 days if payment of such excess credit together with two days' interest is paid on January 20th (through GST PMT-06) and details of reversal of input later furnished in GSTR 3B for January 2024?

Extracts of Rule 88B(3)
In case, where interest is payable on the amount of input tax credit wrongly availed and utilised in accordance with sub-section (3) of section 50, the interest shall be calculated on the amount of input tax credit wrongly availed and utilised, for the period starting from the date of utilisation of such wrongly availed input tax credit TILL the date of reversal of such credit or "PAYMENT OF TAX IN RESPECT OF SUCH AMOUNT", at such rate as may be notified under said sub-section (3) of section 50.

[dhavalsoriya]

Thank you so much sir best revision video ❤❤❤

[aishwaryamoyal]

Thank you for this revision video. It is so efficient.

[deepikabagrecha]

thank you so much sir😇😇 i was vey confused in registration chapter i am a ca inter student. now my all doubts are cleared by this video. i will definately take your classes in final.

[inshaansari]

Thank you so much Sir. Efforts appreciated. May God bless you ❤

[alanvarghesebaby]

Whether (a) export of goods or services or both; or (b) supply of goods or services or both to a Special Economic Zone developer or a Special Economic Zone unit,
both being covered within the meaning of zero-rated supply, require compulsory registration under section 24?
It can be understood that they are well within the meaning of "interstate supply" in terms of section 7(5). But are they "taxable supply" to get covered under "interstate taxable supply", requiring compulsory registration in terms of section 24?

Referring to the flyer released by CBIC named "GST (GOODS AND SERVICES TAX) - Zero Rating of supplies" which says "A person exclusively making zero-rated supplies may have to register as refunds of unutilised ITC or integrated tax paid shall have to be claimed". Please note that the word used by CBIC was "may have to" and not "have to".

Further, refer to the FAQ released by CBIC which had a question "My all outward supplies are export services. In this case is it compulsory to register under GST?" and the CBIC responded "Yes. Since, exports are zero-rated, one needs to register for GST to claim refunds."

The CBIC doesn't even state registration is mandatory in terms of section 24.

Further, there is an article in TaxGuru with the title "Zero Rated Supply Is neither a Taxable Supply nor an Exempt Supply", which is a more detailed discussion.

Further, if zero-rated supply was taxable supply, section 17(2) might seem improper.
Extract of 17(2)
"Where the goods or services or both are used by the registered person partly for effecting taxable supplies including zero-rated supplies under this Act or under the Integrated Goods and Services Tax Act and partly for effecting exempt supplies under the said Acts, the amount of credit shall be restricted to so much of the input tax as is attributable to the said taxable supplies including zero-rated supplies.”
If zero-rated supply is a taxable supply then why the expression "taxable supplies including zero-rated supplies"?

[pearlfernandes]

Hi sir May 24 ke amendment mein submission of bank details is 30 days right?

[pallaviagarwal]

Confused regarding when not required to deduct TDS supplier's place and place of supply?