PPT-Input Tax Credit with Rules

Author : yoshiko-marsland | Published Date : 2017-12-13

CAPREETY PARIK GST Definitions wrt ITC Sec263 input tax credit means credit of input tax

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Input Tax Credit with Rules: Transcript

CAPREETY PARIK GST Definitions wrt ITC Sec263 input tax credit means credit of input tax. CA Sri Harsha. harsha@sbsandco.com. . b. y. Overview of the Rules. 2. Important Definitions – Rule 2 – (a). 3. Manufacturer/Service Provider – Capital Goods. 4. goods falling under Chapter 82, 84, 85, 90, heading 6805 and 6804 – 1. Ed Smith. Head of Banking, Lending and Protection. 1. Journey so far. FCA took over regulation of consumer credit on 1 April 2014. Over 50,000 regulated firms. Large and varied market. Different sectors, different profiles. By. S.H.Sane. & Co.. Chartered Accountants. CA . Shekhar. Sane. (. B.Com. , ACMA, FCA, DISA(ICAI). Date. : . 3 rd October,. . 2015. Flat No.6, . Radha. Krishna Heights,. Khajina. . Eligible Duties [Rule 3]. Duties / Taxes. Levied Under. Basic Excise Duty (BED) levied on Excisable Goods, and Additional Duty equivalent to BED levied on imported goods.. First Schedule of Central Excise Tariff Act.. Highlights of ITC. 1. Availability of ITC on ‘. ALL Inward Supplies’ . Across the Supply Chain- . Manufacturer till it reaches consumer . Across the . States. 2. Furtherance . of . Business . Concept . Highlights of ITC. 1. Availability of ITC on ‘. ALL Inward Supplies’ . Across the Supply Chain- . Manufacturer till it reaches consumer . Across the . States. 2. Furtherance . of . Business . Concept . PROVISIONS. 1. PRESENTATION PLAN. 2. CHAPTER XX. TRANSITIONAL PROVISIONS. 139. Migration of existing taxpayers.. 140. Transitional arrangements for ITC. 141. . Transitional provisions relating to job work. An In-depth Analysis. Presentation by: . CA . Dharmendra. Srivastava. Overview of GST Model Law. Constitutional (One Hundred and Twenty- Second) Amendment Bill, 2014 has already been . passed by the . B. Com (H), CA, LLB. Partner . Athena Law Associates. CONTENTS. This presentation covers. -. Concept of Input Tax. Conditions and Restrictions for claiming input tax. Apportionment of credit. Transfer of credit. In our last class on ITC, we have covered Section 16(1), 16(2), Reversal of ITC due to non-payment of consideration, ITC where invoices are not uploaded by supplier, 16(3), 16(4) and Blocked credit Section 17(5). Prepared By:. Hashir. . Mairaj. . Assistant Professor. Department of Commerce, SBSC. CONTENTS. Executive. . Summary. Basic Concept and Principals. Some important Definitions. ITC-Eligibility Conditions and limitations. An Overview of the latest Gujarat High Court Judgement in VKC Footsteps. 1. Sec 54(3) of CGST Act. (3) Subject to the provisions of sub-section (10), a registered person may claim refund of any . unutilised. Gopal . Mondal . Cascading effect . No credit of CST . No credit of VAT to Service providers . No credit of basic customs duty and custom cess . No credit of . Swachh. Bharat cess to Manufacturer & service provider. by . CA. Kapil Aggarwal &. CA. Vijay Narayan. 1. Topics covered:. Input Tax Credit –basic provisions. Eligibility and conditions – Sec-16. Apportionment of credit – 17 (1) to (4). Blocked Credit – Sec 17 (5).

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