Скачать с ютуб GST AND CUSTOM LAW | UNIT 3 | SEM 6 | BCOM | DU/SOL/REGULAR/NCWEB в хорошем качестве

GST AND CUSTOM LAW | UNIT 3 | SEM 6 | BCOM | DU/SOL/REGULAR/NCWEB

Welcome to Idea Infusion– Your Learning Partner for Commerce and Taxation Subjects! In this in-depth video, we cover Unit 3: Input Tax Credit (ITC) and Reverse Charge Mechanism (RCM), a fundamental concept under Goods and Services Tax (GST) in India. This topic is extremely important for students of B.Com, M.Com, CA, CS, CMA, MBA, and other competitive or professional exams. This video is structured in a simple and easy-to-understand format to help you grasp both theory and practical implications of Input Tax Credit and Reverse Charge with real-life examples and exam-relevant insights. --- Topics Covered in This Video: 1. What is Input Tax Credit (ITC)? Meaning and significance of ITC under GST How ITC helps avoid cascading effect of taxes 2. Eligible Input Tax Credit Conditions to claim ITC Inputs, input services, and capital goods eligible for ITC Documents required to claim ITC 3. Ineligible Input Tax Credit List of goods/services where ITC is not allowed under Section 17(5) of CGST Act Explanation of personal use, motor vehicles, outdoor catering, membership clubs, etc. Practical examples of disallowed credits 4. Apportionment of Credit and Blocked Credits Situations where ITC needs to be apportioned (e.g., business and personal use) Rule 42 and Rule 43 under GST Definition and examples of blocked credits 5. Tax Credit in Respect of Capital Goods Meaning of capital goods under GST ITC availability and treatment in case of capital goods used in taxable supplies Special rules for sale of capital goods 6. Availability of ITC in Special Circumstances When a person becomes liable for registration Voluntary registration Change in constitution of business Composition scheme to regular scheme and vice versa Transfer of business 7. Reverse Charge Mechanism (RCM) What is RCM and how it works under GST Cases where RCM is applicable (e.g., unregistered to registered dealers, specified services like legal, security, etc.) Time of supply and ITC availability under RCM GST payment process under RCM --- Why Watch This Video? Clear and complete explanation of complex GST topics Helps in understanding theoretical as well as application-based concepts Real examples and exam-oriented tips Useful for college exams, competitive exams, and practical knowledge for professionals --- Subscribe to our channel for more helpful content on taxation, law, commerce, and exam preparation. Like, Share & Comment if you found this useful or have any queries. We are here to help you succeed! #GST #InputTaxCredit #ReverseChargeMechanism #CommerceEducation #GSTIndia #BComClasses #MCom #CAstudents #CMA #CS #TaxationMadeEasy #StudyWithUs