ITC conditions Section 16(2)(b)(c)(d) and proviso #capratibhas #gst #cafinaldt

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Few sections of CGST Act:
Section 16 - Eligibility and conditions for taking ITC
Section 16(2)- Conditions to avail ITC
In this video Section 16(2)(b),(c) and (d) is explained - remaining 3 conditions to avail ITC -
1. Received goods and services - bill to ship to model- deemed receipt
2. Supplier has paid GST - Return filing System - GSTR1, GSTR 2, GSTR 3
3. Return is filed - GSTR3B
Explanation to Section16(2):
1. Goods/ services received in lot/ instalment
2. Payment to the supplier has to be made within 180 days

link of video on section 16(1)(a) with circular on moulds and dies supplied by OEM on FOC basis -

Link of video section 16(2)(a) - conditions to take ITC - 1st Condition- Possessing Tax paying Document

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Thanks mam for this video, you explain very easily with example. And keep providing such updated knowledge.

swanandahire
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16(2)(c) yet to be notified so It is not applicable ?? Kindly clarify

sachinmishra
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section 16(2) (c) effective date kya hai?

payelmodak
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Toll plaza hona jaruri hai kay
Toll plaza entry nai hua to
Itc Galt hai kay

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