36. Input Tax Credit | Introduction, Input Tax, Capital Goods, Input, Utilization of ITC of GST

#36 Input Tax Credit | Introduction, Input Tax, Capital Goods, Input, Utilization of ITC of GST

Topics discussed in this video
01:12 - About Input tax credit
13:51 - Input Tax [Sec. 2(62) of CGST Act]
24:03 - Capital Goods [Sec. 2(19) of CGST Act]
24:42 - Input [Sec. 2(59) of CGST Act]
25:15 - Input Service [Sec. 2(60) of CGST Act]
25:26 - Order to utilization of ITC for payment of Liability of IGST
35:00 - Utilization of ITC of IGST

Comprehensive Learning Platform - Study At Home
Prepare for CA, CS, CMA & Skill Development Courses

Other Free Courses on YouTube:

✔️ Contact Us – 7776012345, 8737012345

#gst #carajkagrawal #studyathome #gstitc #itc #inputtaxcredit #indirecttax #problemsolving #timeofsupply #currency #sections #clauses #indirecttaxation #indirecttaxes #illustration #gstindia #gstquestion #cgst #sgst #igst #concept #conceptofgst #classes #fulllectures #goodsandservicestax #goods #services #goodsandservices #inputtax #capitalgoods

[niteeshsk]

Sir I have watched your GST Registration lecture and now I'm full of zeal and enthusiasm by your teaching unbelievable...you make such typical topic very interesting...Thanks alot for providing such useful lecture and contributing to our education system too..❤️❤️

[brojenchakravorty]

Appp jesa log bharat desh mai aur janam le taki mera jese poor students ko help mile
Thank you sir love from Assam ❤❤❤❤

[surbhipatel]

Sir your teaching style is amazing, please provide videos for nov23 exam of dt and idt, so glad to learn from u sir❤

[PriyankaChoudhary-mtjj]

Thankyou so much for your lectures sir 😊

[govindmadhav]

Sir what if ITC is more than output tax? Is that possible? like we applied SGST ITC to SGST output and then IGST but still SGST input is prevailing then?

[vijaykumarjain]

Thanks sir i want to know in good s like capital items or any other services where we can not take input credit

[nehasarkar]

what a man ! thankyou for ur efforts❤

[sheetalagrawal]

Sir mtlb, composition dealer s goods purchase krne par bhi, gst ka ultimate burden consumer pr hi aata hai?

[MaxAgarwal]

Sir why itc of cgst cannot be used to pay output tax of sgst ???

[sachinghangas]

Lets consider I am a manufacturer of iron door frames. I join the iron frames by doing arc Welding. In this process I need a welding machine. So for the purpose of welding I need welding rods which are consumed in the process of welding and after consuming the welding rods, I am left with the iron scraps of that welding rods. I sell these welding rods scraps to kabadiwala. Means I consume those welding rods in the course or furtherance of business but after consuming they are still with me as a scrap.
So the question is, are these welding rods Inputs or capital goods?
Thanks 🙏

[yt]

Sir iss chapter m koi amendment hai June 2024 vlo k liye?

[Beena_Gupta]

Sir I have a query:
Suppose Mar24 CGST Output liab. Rs.5000 CGST current month itc is rs.2000 and current month remaining IGST ITC is rs. 8000.
In this scenario Utilisable IGST ITC will be rs.3000 or Rs.5000? Thanks in advance.

[KSRAcademyCommerceInstitute]

16.46 Sir Unacademy ka logo dikh rha he

[kanha_._devotee]

*Is this relevant for bcom hons dusol 6thsem/3rd year*
?

[MDAman-jgkc]

Sir i watching this video for cma inter June 24 exam???

[rahulshet]

Is it applicable for may 25 plz sir ply

[chiragkumarkashyap]

Sir please look once example no 47 of icmai book of syllubus 2022
Paper no 7b
Page no 176

Please