Input Tax Credit (ITC) on Works Contract under GST with Case Study | Complete Coverage in 18 Mins

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  • Опубліковано 18 лис 2024

КОМЕНТАРІ • 48

  • @shivakrishna8546
    @shivakrishna8546 2 місяці тому +1

    Wow wat a great explanation🎉

  • @rinkyagarwal7237
    @rinkyagarwal7237 Рік тому +1

    I visit ur channel for the first time ......I was searching for this particular topic...Great explanation... nd most important there are 2 3 topics more which i was searching individually like 9(4)..nd i get it on your channel
    THANK YOU SIR

  • @akshaykala8674
    @akshaykala8674 3 місяці тому +1

    Wow, very nice explaination

  • @DINESH-vx5oe
    @DINESH-vx5oe 2 роки тому +3

    Brilliant lecture

  • @mohitgarg4709
    @mohitgarg4709 2 роки тому +2

    Bhaut badhiya madhu bhai

  • @karanbhagat7661
    @karanbhagat7661 2 роки тому +3

    crystal clear explanation...

  • @HustlingStudent
    @HustlingStudent Рік тому

    Than you so much sir for for creating such an informative session

  • @dhparmar2810
    @dhparmar2810 2 роки тому +2

    Excellent

  • @anilkulmethe7209
    @anilkulmethe7209 2 роки тому +1

    Very well explanation sir

  • @satyamiryala8579
    @satyamiryala8579 2 роки тому +2

    Dear sir, excellent teaching,i liked this video, but my one query, godown or office renovation,10lac expenses,can i get ITC ?(from Mumbai,Mr.satya)

    • @mmforyou
      @mmforyou  2 роки тому +1

      Have you availed the services of works contract?

  • @RahulJain-qd8kf
    @RahulJain-qd8kf 11 місяців тому

    Thank you so much sir ❤

  • @Raj-qw8cw
    @Raj-qw8cw 3 місяці тому

    अगर commercial building बना के उसे Rent/Lease पे दिया तो, जो construction पे भरा GST का Rent/Lease के GST पे ITC ले सकते है क्या..?

  • @kdwivedi1686
    @kdwivedi1686 2 роки тому +1

    Nice video sir

  • @debojyotidas5664
    @debojyotidas5664 7 місяців тому

    Prepare a video on contractor gst filling process

  • @rabindrarayamajhi8664
    @rabindrarayamajhi8664 2 роки тому +1

    Case where renovation of office and factory building is done through works contract service and the person availing such service shall be allowed to take itc irrespective of the person line of business and the expense is not capitalized. In the last question doesn't interior work fall under renovation or do we need to assume it's been capitalized. Plz clarify on this

    • @mmforyou
      @mmforyou  2 роки тому

      As per AS 10 & IAS 16 - such kind of expense needs to be capitalized.

  • @himadrisubhradas
    @himadrisubhradas 6 місяців тому

    great

  • @bvsnagababu7954
    @bvsnagababu7954 Рік тому +1

    Sir suppose i got a contract work from Gov of RS .100000 +12 % gST on the contract but the material cost for the work is more than that like cment cost 28% steel cost 18% then how it will return please clarify it is that returnable?

  • @ajaypratapsingh8508
    @ajaypratapsingh8508 29 днів тому

    Safari restrete ka desion bhi sc se aa gya, jo block credit ke agenest hai.
    Jiska credit safari restret ko diya gaya

  • @gauravgarg9509
    @gauravgarg9509 Рік тому

    Sir, if expenses is not capitalised on gst portion even when itc is not allowed ?

  • @reshiimran1991
    @reshiimran1991 Рік тому

    Sir what in case PnM is movable or detacheable in the office premises. Is itc available or not

  • @Mukesh-f2p5i
    @Mukesh-f2p5i 7 місяців тому

    Sir if a contractor purchase steel cement; will he claim this. He is main contractor. Please give me the answer sir

  • @casimarsethi5718
    @casimarsethi5718 Рік тому

    ITC on structural consulting services or architectural services related to civil work is allowed??

    • @mmforyou
      @mmforyou  Рік тому

      We request you to ask GST queries in our WhatsApp Group: invite.gstbymm.com/professionals

  • @harshavardhantr3919
    @harshavardhantr3919 Рік тому

    Hi sir I have 2 commercial buildings and i will get rent from that, and now I'm constructing new building for rental purpose, I'm purchasing material and under my gst can set off with this itc

    • @mmforyou
      @mmforyou  Рік тому

      Kindly contact us on WhatsApp 8209947346

  • @MOHDIMRAN-jj6si
    @MOHDIMRAN-jj6si 2 роки тому

    Can we take ITC on purchase of Excavators ,dumper ,paver machine , stone crusher etc

    • @mmforyou
      @mmforyou  2 роки тому

      If you are a contractor then yes, ITC will be available.

  • @shubhamoswal666
    @shubhamoswal666 Рік тому

    Does subcontractor get ITc on material used by him??

  • @ayanpaul1844
    @ayanpaul1844 7 місяців тому

    Can sub-contractor claim ItC on cement, iron rod ,steel

  • @aniketprasad5226
    @aniketprasad5226 2 роки тому

    Sir please Place of supply and Value of supply ka class provide kijiye

    • @mmforyou
      @mmforyou  2 роки тому

      VOS: ua-cam.com/video/J_X5Rot0zZc/v-deo.html
      POS: ua-cam.com/video/XR5DFDRmf6c/v-deo.html, ua-cam.com/video/lynDk0ojUYk/v-deo.html

  • @khushal996
    @khushal996 2 роки тому

    I recently taken construction Contract as a subcontractor from a contractor , shall I also need to create GST no? If annual transaction upto 30 lacks
    I I hv to generate GST then which type pls inform Sir

    • @khushal996
      @khushal996 2 роки тому

      Because my transaction might be up to 30 lacks but I get profit upto annually 10lack by chance, & rest all charges to labors

  • @RavalMrunalR
    @RavalMrunalR Рік тому

    sir i have plot for 5 house in gujrat i bulid House and sale to Coustomers on value below 20 lac
    and also callect advance payment or part payment in my bank account so in this case GST applying on it, i have contractor for this building prosse
    Sir kindly give me reply it's very important and urgent

    • @mmforyou
      @mmforyou  Рік тому

      WhatsApp at 8209947346

  • @kapilclasses3595
    @kapilclasses3595 2 роки тому

    CMA inter

  • @RAMAKANTSAH-o2r
    @RAMAKANTSAH-o2r Рік тому

    PLANT & MACHINE WORKS CONTRACT KE CASE JCB HOGA

  • @habib_imyasin
    @habib_imyasin Рік тому

    Sounds wrong 😅😂

  • @kapilclasses3595
    @kapilclasses3595 2 роки тому

    Sir ji Aap ki pur. Krni hai

    • @mmforyou
      @mmforyou  2 роки тому

      WhatsApp at 8209947346.

  • @navjyotsingh5224
    @navjyotsingh5224 2 роки тому

    No

  • @guddimaharana8784
    @guddimaharana8784 3 місяці тому

    Thank you so much sir ☺️