Input Tax Credit Utilization: Practical examples with detail analysis

Join us in this enlightening session where we delve into the intricacies of Input Tax Credit (ITC) utilization, backed by real-world examples. Learn the art of maximizing ITC benefits and navigating through Sec 49A in conjunction with Rule 88A effortlessly. Whether you're a novice or a seasoned tax professional, this session promises invaluable insights into optimizing your tax strategies.

👨🏻‍🎓Practical Courses-
📞7827521794 (For Course queries only)

📞For GST Filing, ITR Filing, Trademark Filing, Trademark Reply, Company Incorporation, ROC Compliance, DSC, Project report, MSME Certificate and other related services call us at 7048930220 or 7827521794

📍Utilities

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 YouTube videos.

Copyright Disclosure - As per Sec 52 of The Copyright Act,1957 Fintaxpro Advisory LLP shared this video with a clear objective to educate the public at large and thus constitute the fair dealing with content for the purpose of reporting of current events and current affairs, including the reporting of a lecture delivered in public

©️Fintaxpro Advisory LLP

Tags: Input Tax Credit, ITC, Sec 49A, Rule 88A, Taxation, GST, Tax Planning, Practical Examples, Tax Strategies, GST Compliance, Business Finance, Accounting

Hashtags: #InputTaxCredit #ITC #Taxation #GST #Sec49A #Rule88A #TaxPlanning #Finance #Accounting #BusinessTips #compliance

Time Stamp
0:00 Intro to Topic
1:21 Claiming input tax credit
2:25 Utilization of input tax credit
3:44 ITC utilization and set of rules of GST
15:00 Practical example of ITC utilization
20:28 ITC calculation for Rule 86B
29:51 How to transfer of Cash ledger in GST
34:30 Outro

[Sanatani]

बहुत अच्छे से समझाया है सर आपने बहुत बहुत धन्यवाद एडवांस कांसेप्ट में तो धमाल कर दिया ❤❤

[sahilskhan]

Thank You So much Sir, Glad to Have again New Video Of ITC Utilisation with good Legal Manner. ❤
Sir, Could you please make a Genius Analysis Video Based On
TAX LIABILITIES AND ITC COMPARISON. With full Explanations per head.
(Gst Returns)

[Valohdtv]

Thanks Sir, Bole tohh, Maza aaa gaya...

[LALITJOSHI-cyue]

Thank you sir for these types of practical videos

[samriddhichhetri]

Very informative video. Thank you so much.

[Neeta]

Set off was like nightmares for me🥺😂thank you sir for detailed explanation 👍🙏

[parulsingh]

wow great class thank you so much for this

[rahulpatil-mxbr]

Sir gst ke upar ye se hi video uplod kijiye very nice knowledge

[seepu]

Thanku Sir Aapse Bahut Kuch Sikhne ko Miltha Hai.

[karthikn]

Tq for having a great information .But on small request, if it possible can you provide information in english language also..

[visheshsinha]

Please make a complete video on ITR filing through computax sir.

[aakashpawar]

Please provide lectures on joint development agreement gst effect on real estate sector

[devapallavparashar]

Sir mujhko ek baat samajh nahi aa raha hain.... Apne jo Igst liability ko 13597 hi kiyun dia kis hisap diya... Mein thora confuse issko le kor

[vishnupatel]

Innove car ka insurance karaya hai, uska itc milega ki nahi

[MFazyfazy]

Sir our firm mostly purchase has inter and sale intra and have a good balance in Cgst credit leger .. whether we toal igst input from sgst ?

[kuhalhazra]

My company follows QRMP GST filing. Purchased Tally software in Feb. 2024 with IGST 18%. Make a purchase entry in accounting mode and as Fixed Assets, nature of supply-Capital goods. And paid GST amount on self assessment in March with that IGST adjustment. Today when I check GST report in Tally Prime, 3B report shows that particular IGST amount as reversal amount and NET ITC available after deducting that amount. What to do? a) am I not eligible to claim that amount as ITC in quarterly March 3B filing? b) should I pay March payable amount for GST + that IGST amount. Please help.

[SocialSocialReview]

@fintaxpro hospitality industry main ITC kaise le??

[satishduseja]

March ka GST. Ka. sett of. Next April month me. Carry forward hota Milta. Hai. Kiya. Bhai

[ParmodKumar-wcqj]

Sir rule 86b mai 1 percent tax cash mai ladger se pay karna hota hai or is tax ka 1 percent toh 1555.38 hua toh aapne 20000 cash ledger se kyu pay Kiya

[debajyotisantra]

Sir GST TDS ka ak Details Video banaiye Please