ITC conditions Section 16(1) of CGST Act. #gst #capratibhas #shorts

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Section 16 explains conditions to take ITC under GST Act
Subsection 1 of section 16 is explained here in 5 parts

Link of Circular on Moulds and dies provided by OEM on FOC base

This video Explains Section 16(1)(a) of CGST Act. Section 16 is Eligibility and Conditions to take ITC. 1st subsection of this section is devided into 5 parts and explained here along with Circular No 47/21/2018 GST Dated 08/06/2018 - Moulds and Dies supplied by Original Equipment manufacturer to Component manufacturer on Free of Cost basis.
This circular has 3 main questions:
1. Whether it is supply?
2. Valuation of component by component manufacturer
3. ITC reversal by OEM?

This video is for CA/ CS/ CMA students appearing for their professional exams.

#capratibhas
#gstv
#itc
#inputtaxcredit
#section16
#cgstact
#circular
#charteredaccountant
#cafoundation
#cafinal
#caipcc
#csfinal
#idt
#indirecttax
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Namste CA mam.
2017-18 ka ek DRCO7 KA order hai mere pass sirf .. under section:- 73
But offence 16(4) hai sir..
Hamne return filed sara 20/06/2021 ko hin kar diya hai sir....!
But sir party in Input reverse kar liya tha sir .. Abhi mereko Tax, interest, penalty ka order hai sir.
Tab abhi konsa amenstry scheme main waiver milegi..
16(5) main ya phir 128(A) main sir..
Please hamen ky karna chahiye suggestion dijiye sir 🙏

SurajGupta-hqlk