GST Discount on iPhone! #shorts #youtubeshorts #iphone #apple

#shorts #youtubeshorts #shortsvideo #tech #iphone #discount #gst #iphone13 #iphone14 #iphone14promax #apple

[thelordofthenorth]

I work as a State Tax Inspector (SGST) and whenever we do "Return Scrutiny" of any business, we check their input purchases (from GSTR 2-A) and disallow such purchases which are not related to business operations (e.g. buying sedan car for the agricultural business or buying an iphone for the personal use).

Therefore, buying an iphone for business and claiming its credit when paying outward taxes will not help you.

In fact, you might be required to pay Penalty and Interest in case of such wrongly availed input credits from the date of availment to date of scrutiny. (18% rate of interest + penalty) 😂😂

Section 17(5) of CGST Act, 2017 - Also known as "Blocked credit" clearly says that anything not related to business cannot be claimed as credit under GST Act.

Even if you luckily get GST Credit, you can only use it to pay outward taxes of your business, and cannot convert it into cash and transfer it to your bank account).
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So, think twice before you try to get credit from such purchases.. 😉

[Ak-hdmx]

It's should be use in the course or furtherance of business 😅

[satyamchauhan]

18% gst return + 15% deprecation every year. And 40% deprecation every year on laptop and pc.

[pablaenterprises]

kabi nahi milta adjustment hoti hai serf

[navneetkataria]

18% cp pr lagega
Sp pr 15% approx ho jata hai tho 1 lakh ka ph 85 approx ka padega

[ukrider]

or bhaiya ye apne account m nhi aate cashback to kis me aata hai

[GameSlimeSticks]

if u collect every single his video and do what he said u can simply get free i phone 69

[ramgopal]

bhai kya gst avail ke sath student discont bhi miltaa hai

[Singh.ularity]

Hi this did not work bro, ! I actually asked the apple employee, and he said it cannot happen!😢

[vinamra_iam]

Phir auditor ayega or misstatement in financial statement bol ke mst fine mar dega aage bhi batao 😂

[surbhijain]

Bhai wo cp per 18 per hai Na ki sp per basics to padlo

[Ifranali]

Sir mujhe I phone13 lena hai second hand available hai kya aapke pass please sir help me

[souravmohanty]

This can only happen when you are purchasing the i phone for the Business ie. the i phone will be used in our business not for personal purpose.
Refer- Input Tax Credit.. CGST ACT 2017

[priyanshnagpal]

1 lakh ke iphone se 15254 kam honge naaki 18000….1.18 se divide honge 1 lakh naaki seedha 18% kam ho jaayega..!!!!😒😒

[keshavsaini]

Sir ek baat puchni thi agar ham big billion days ki sell m 18%gst clam kar sakte hai 😅

[ranjan]

Bhai gst kisi kaam nai agar tum us i phone ko aage sell nai krte agar tum personal use keliye le Raha ho toh woh 18% gst tum waise bhi money me convert nai krskte usse sirf aage tax pay krskte ho agar tum kisi ko woh i phone aage bechoge 18%, so for normal people this is useless, but lets say u have some other bussiness where u sell stuff and pay GST for it then u can use the itc that u got from i phone for paying tax for the stuff u r selling in bussiness in that way u can save some itc . But other than that this is useless

[ajkashyap]

Summery of the story- If you want to buy and iPhone cost of 1 lakh
Tumhare pass business hona sahiya

Sala pagal bana raho ho sabko.. Kuch kam nehi hai toh Bangladesh Jaa ke ghuum aao