Rule 42 of CGST Rules - Ineligible Inputs & Input Services Credit - Use in Taxable & Exempted Supply

Input Tax Credit
Calculation of Inputs & Input Services used in Business & other thn Business activity and Taxable as well as Exempted activity
Goods & Services Tax

[nehaspalette]

Thanks would be a very small word to say but this is all I can say. u have taught amazingly. Concept got crystal clear.
CA Final Student.

[fineryforever]

Thnk u sir u explained it very well 👌👌👌

[mehulkorpe]

Tysm fr u efforts... this rule was a little critical but aftr the vdo, evrythng is cleard

[aviroopbose]

U r the best
None in u tube explained like

[salmannawaz]

Thank you sir Now i am clearly understand

[solai-ymef]

It was very much helpful sir..
Understood the concept very clearly.. Thank u so much sir..

[pritamtandon]

When we have removed tax other than business purpose as T1 already, then why we need to calculate D2. Again.Is it compulsory to pay D2 or is there any provision we can nullify it. Our business is high turnover type business. That 5% of D2 will go in lakhs. Whereas we have very rarely taken ITC of T1 and D2 type

[nehamittal]

sir u make it very easy... i read ot 3 times, even it was not understood.. 👌👌

[velpulasrikanth]

Tq so much sir. After this step in book act said to add those D1 and D2 to out put tax liability and deduct from common credit so that it will become double impact( double GST) isn't it please clarify.

[nituagarwal]

It's a very much useful video and easily understandable ! Sir, please upload more video relating to GST rules !

[pradyumnmaharshi]

Really easily understandable by this video class, it's very much helpful

[ajaykhanna]

Hallo sir, अगर मै 1st Nov 2018 को composition से normal में switch होता हूँ और मैंने 30 Oct तक goods purchase किये हैं, ऐसे में यह निश्चित नहीं है की supplier अपना gstr 01 मेरे form ITC 01 भरने से पहले file करे। निश्चित रूप से last month में की गयी purchases gst portal पर reflect नहीं होंगी, ऐसी खरीदो पर ITC credit मिलेंगा या, कैसे मिलेंगा?
कृपया उत्तर अवश्य दें।

[sonalisingh]

perfect video i was looking for .crystal clear now .thank you sir, may all your wishes come true .

[sanjayjain]

transports ka GTA rcm kaha file karna in gstr1 ? if registered & unregistered transporter is there

[CAMukeshPandey]

very good .please explain with some numerical example

[Devangshah]

sir one query for ITC credit as a proprietor import goods from china by some dispute not clear by customs this issue concerns proprietor go thought china and help our Indian company help for visa process (SDM, MEA & Embassy) for affidavit Certificate to proprietor and charges bill issue under code 998312 under gst can i claim ITC or not

[manojKumar-jfcm]

Sir dealer in business of exempt supply. can he take input of his expenses and claim refund of that input

[anujsomani]

thankyou sir its really helpful.. am in ca finals and was facing difficulty in this topic.

[akanshuagrawal]

Sir if I have doubt in D1 . If I purchase raw matterial in month of sep and sell only Exempted supply in this month and taxable supply in next month So how will I get proportionate input credit as D1 will be Equal to c2 and total Input credit will be equal to 0

[zaidshaikh]

please send me how many itc is applicable in furtherance of business in gst