Rule 42 & Rule 43 of CGST Rules with Examples | Input Tax Credit in GST | CA/CMA/CS May 25 & Nov 24

#Rule42 #Rule43 #InputTaxCredit

In this lecture, we will study Rule 42 and Rule 43 of the CGST Rules, 2017 fully amended and applicable for CA/CMA/CS Inter and Final May 25 and Nov 24. We will study these rules along with Section 17 of the CGST, 17 (Input Tax Credit).

00:00:00 Rule 42 of the CGST Rules, 2017 with Examples and Bare Reading.
01:49:32 Rule 43 of the CGST Rules, 2017 with Examples and Bare Reading.
02:52:00 Practical Illustration on Rule 43 of the CGST Rules, 2017.

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[shyamdhanidaataar]

02:19:16 RULE 42 REVISION
02:27:51 STEPS/FORMAT FOR SOLVING EXAM QSTN ON RULE 43
02:43:55 Questions ON RULE 43

[akashagarwal]

Isse better nae ho skta hai sir ji... ❤️❤️❤️❤️

[AnjuTayal-mdch]

29:00 to 36:59 for my reference
1:02:41to 1:05:55 Rule 42 Full revise by using satellite chart ( sir 5 min b nhi lge puure 😂)
1:14:09 Invoice segregation for my reference
1:17:45 to 1:43:08 EXEMPT SUPPLY (security txn)
2:52:01 to 3:21:51 illustration on rule 43

[ramudgaryadav]

Great analysis mishra sir nice updated vedio bhi dalie plz

[nidhisarda]

Awesome awesome Iske alawa koi word nii.... Kaash apse regular class le pate kaash videos thori der pehle milte Institute ke book me bate reading and formulas hai bas... Aaj pata chala C2 kisko bolte hai kya logic Apko shat shat pranaam hai sir for being there always ❤

[poonambaghela]

Sir turnover of exempt supply calculate karte time we exclude interest received on fd in bank...but denominator main total turnover m interest ko add karna hain?

[poonambaghela]

Sir 2.26.32 min par itc taxable goods ki to pehele hi add ho gayi hogi ledger main...phir jab wo common use m use hue goods to wapas poori itc common credit m kyu add kar di hain?

[harishankarsah]

Clause b of explanation 1 mentions accepting deposits, extending loans and advances. It means the provision is meant for a person who accepts deposits, extends loans and advances, and not a person who deposits money with another person and gets interests. Moreover, discount is relevant for a person who earns discount, not a person discounts a bill with a person who does the business of discounting bills and incurs expenditure on discount. So, interest is earned by a person who gives deposits ant not by a person who accepts deposits, and discount is earned by a person who discounts bills belonging to others and this a supply by him, and not by a person who gets his discounted. So I am inclined to think that the clause provides that the value of these two services are exempt in case of a person other than an a bank and non-banking company engaged in the business of accepting deposits and extending loans and advances. Please clarify whether the clause is applicable to a person who deposits his money with another person or to a person who accepts deposits and extends loans and advances.

[shyamdhanidaataar]

I regret not taking classes from you🙃 you're just fabulous at teaching IDT

[gargipatel]

Sir you are awesome. The way you are. teaching is fabulous

[Meditation-dscf]

sir, In example no.2 you include ITC of capital goods and in the proforma for computation of common credit @ 52:03 . T= ITC on input & input services. my question Is ITC on capital goods included in the "T" or not ?

[sushantsakhare]

Sir, two different units hai. Ek taxable supply karti hai aur dusri exempt supply karti hai aur donoka same GSTIN hai per books saparate maintain karti hai to calculations saparate karni hai ya figures club karke karna hai?

[Vishalkumar-oyzl]

Sir video lecture cma final idt ki cost

[satyamiryala]

What is the HSN code of lottery, batting gambling, from Mumbai Mr Satyanarayana

[bharatkachhadia]

RES. SIR,
When to use D1 formula when total raw material use to produce taxable & Non taxable goods use no any ITC
and also when to use D2 formula

[TeachingBooth]

You have mentioned that reversal is to be done GSTN wise... but as per definiton.. 'turnover in a state' is to be taken...meaning thereby in case of more than one GSTN in a state we have to take the turnover of all GSTN in a state..
Am i right ?

[ishajainchd]

Thanks sir.. for uploading this session

[Vishalkumar-oyzl]

Cma final indirect tax ki class leni h

[Rahul-heoy]

Fabulous Teaching Style ❤ ♥ 😀 👌 👏 😍

Best Wishes for your future endeavors.