Iphone 18% Discount 🤯Busting GST Credit ITC Myth #finance #gst #business #amazon #diwali #incometax

In this short we try to bust the most common mis concept regarding #gst

Many people think that If they were registered under GST then they could claim the refund of GST credit paid on purchases, However reality is different.

Under GST you can set off your output tax liability against Input tax credit.

Example, Mr. X has turnover of Rs. 1,00,000 in august, 2022 on which 18% GST is payable which will be Rs. 18,000 as output tax liability.
However during the same month Mr. X has made purchases on which ITC worth Rs. 12,000 is accumulated, Now Mr. X is only required to pay Rs. 6,000 as GST to the Government.

#finance #investment #personalfinance #growth #incometax #gst #knowledge #business #tax

[rushikeshdeshpande]

SIR can we claim GST on Discounted Price after using any Credit Card Discount, or credit card EMI ? for example Laptop is for Rs83000 after using SBI credit Card i get discount of Rs6000, so will i get Benefit of GST claim on Discounted Price of 77000? and if Yes, then after applying No Cost EMI Discount also?

[vk-kjmb]

sir company ke ke name and gst no se koi item purchase ki jati he or wo usi company mai use ho rhi he to lekin uska payment 3rd party ne kiya he to use itc claim hoga
hoga to kaise hoga please reply kijjiye

[TirthNahar]

GST invoice phone aage bech payege ? Ya trade in kar payege on cashify or Flipkart?

[VrajMovies]

Hello sir I am student and I am going to purchase I phone 15 plus from Flipkart at lock the price event can I claim GST on the sale ??

[summarizedgaming]

Sir would you please tell me can I claim after 1 year or more please

[subhojit]

Sir please reply...
maine jo suna hai gst claim karne k liye business ke name aur address pe product buy karna hoga invoice show karne k liye, par payment hum kisi bhi card se kar sakte hai chahe wo mera ho ya kisi aur ka. Bas business name, gst number, billing address same hona chaiye.

[ubairrathir]

wouldnt that be a punishable offence ?

[HarshJalore]

Sir can you please explain tax kaise claim hoga aur ferm ko tax pay karna hoga ki nhi

[creative_store.o]

Where is the next part not yet uploaded

[शाकुन्तलम्]

Next video kanha hai, kanha hai next video

[pradeepkumartekriwal]

Sir Mai apne Bhaiya ke account se i phone lunga to phone Mai use kar sakta huu koi problem to nhi hogi

[thenikhilnain]

Agr ham kisi aur ke card se purchase kre aur company ke bank se payment na kre to bhi GST claim miljayega??? Bina issues ke?

[sagarbiswas]

ITR filing ka message aya hai kaise karna hai ? Or income to mere under 2.5 lakh ke niche hai to ITR fill karna mandatory hai?
Nehi Karu to kya hoga?

[Spritualreality]

Phone par gst ke baad Exchange ka option hai kya ?

[fashioncraft]

Sir mai kitne bar same gst number par mobile purchase kr sakta hun??? 🙏🙏

[shlokjain]

Hi sir I have a doubt
For example I have a mixer business and I am gst registered I want to use an iPhone for my business pourpose so can I claim a gst refund??

[ehrazhussain]

Ek mera bhi Aisa hi chutiya dost hai jo iss myth me jee rha hai

[shakirpinjari]

Mere dost ne mere gst number pr iPhone liya he ab usko 10K around muje return krna he or mene suna he ki agar vo phone betch dega 5 saal ke under to muje tax pay karna padega! Is that true!! Please reply

[harsh]

Aise hi Friend ka GST number use karne pr Billinga address aur naam bhi unhi ka daalna pdta hai kya

[TirthNahar]

GST invoice phone aage bech payege ? Ya trade in kar payege on cashify or Flipkart?