GST Input Credit

GST Input Credit Tutorial 17 – ISD Conditions Understanding the manner and conditions for distribution of credit by the Input service distributor. this is the last lecture in our module of input ax credit we are going to deal with a manner and condition of distribution by the input service distributor there are three broad conditions attached one in relating to documents the input service distributor should issue prescribed documents to each recipient the government will prescribe these documents and he just has to to show these documents to each recipient giving

Understanding the concept of the Input Service distributor and the Input services distribution rules for ISD. this lecture would be dedicated to the provisions related to input service distributor before we get into understanding input tax credit provisions for input service distributor we’ll call him is d let’s first check out what an ISDN exactly is an ISDN is an office of a supplier and can be just one office of a supplier who has many offices one office of a supplier who is engaged in supplies of goods and services and

GST Input Credit Tutorial 15 – Job Worker and ITC Understanding the concept of the Job-work and the provisions relating to Input tax credit on Job-work. yah we are in the last section of our module on input Tax Credit we’ll check out the provisions specific provisions relating a job worker principle and job worker we’ll also look in the input service distributor we’ll pass through the distribution rules and understand the manner and conditions for distribution of credit let’s start off with job worker and principal who is a principal

GST Input Credit Tutorial 14 – Special Circumstances Special circumstances under Input tax credit such as ITC for ineligible claim now eligible, Eligible ITC transferred from one taxpayer to other, ITC claimed earlier now ineligible etc . now that we know about the negative list input tax calculation and the conditions attached let’s move on with the special circumstances relating to transfer of input tax credit there are three types of transfers where the government would transfer input tax credit previously not granted to the taxpayer so that’s

Understanding the conditions for availing the Input tax credit along with the reasons for the same.

Understanding the eligibility conditions for receiving the Input Tax credit along with the parse rule governing the transfer of ITC.

GST Input Credit Tutorial 09 – Set Off Rules Understanding the GST set-off chain . Understand how to calculate input tax credit and set-off.

GST Input Credit Tutorial 08 – Proportionate Credit Maintaining separate set of records for different categories of supply. ITC benefit & proportionate credit. in the previous sections we’ve seen the negative list of supplies on which input tax credit is not available the reality the wrong reality is that every business will have both info tax eligible supplies as well as ineligible supplies what do you do in such situations that’s where proportionate credit comes into play proportionate credit deals with segregating eligible and ineligible supplies before we go into