How GST Tax Credit Works?

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  • Опубліковано 25 сер 2024
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КОМЕНТАРІ • 197

  • @milonidhami6042
    @milonidhami6042 2 роки тому +18

    So proud of you pratik💯 keep making such videos!!

  • @Notching
    @Notching 2 роки тому +10

    Your videos are very informative and simple......and your shorts videos are also awesome ...

  • @VKgaming7447
    @VKgaming7447 Рік тому +4

    I was searching for a simple and crisp video on GST Tax credit. your video stopped my further search. Great way of explaining.

  • @Aefazkhan786
    @Aefazkhan786 2 роки тому +7

    I am new to your channel sir your videos are amazing
    You said in 4 days old that dont blindly copy anyone stock ideas
    But i thought your ideas are trustful can i follow your investment ideas and wait for 5 6 years plzz reply sir

  • @niharpatel8308
    @niharpatel8308 Рік тому +4

    thank you for explaining it so simply.

  • @zafar016
    @zafar016 2 роки тому +4

    Thank you bhai for amazing information 🔥🔥

  • @misterykannadiga
    @misterykannadiga 2 роки тому +18

    How to get credit card for students

    • @jain28vaibhav
      @jain28vaibhav 2 роки тому +3

      One lite card me minimum 2000 ki fd khol kar credit card le sakte ho

    • @hirankthakur6585
      @hirankthakur6585 2 роки тому +2

      @@jain28vaibhav limit kitni hogi card ki?

    • @jain28vaibhav
      @jain28vaibhav 2 роки тому +3

      @@hirankthakur6585 initially 110% of fd amount, lekin jaise jaise card ko ache se use karoge limit badti jayegi apne aap

    • @hirankthakur6585
      @hirankthakur6585 2 роки тому +1

      @@jain28vaibhav thanks brother 👍

    • @michaelbond2874
      @michaelbond2874 2 роки тому +1

      @@hirankthakur6585 fampay bro

  • @warlock4447
    @warlock4447 Рік тому +1

    Thanks bro for making it very simple for me

  • @hafeez9364
    @hafeez9364 6 місяців тому +3

    Mera doubt ye hai ki agar kisi ke paas GST no nahi hai, aur woh jaata hai apna gaadi ka tyre change karne, toh GST toh poora pay karega.
    Aur jiske paas GST number hai woh GST ka tax credit ke claim karega. Woh bolega apne business ke liye gaadi use hota hai. Magar woh maximum apne personal use ke liye hi gaadi use karta hai.
    Eh toh sirf ek cheez hai. Aise bahut saare cheez hain jisme jiska GST number hai uska fayda hai magar jiska nahi hai usko nuksaan hai.
    Toh govt isko kaise tackle karti hai

  • @manjuslv
    @manjuslv 2 місяці тому

    Such a talented guy.

  • @saggu2322
    @saggu2322 2 роки тому +5

    Hey pratik ,
    I have a question
    What if i purchase a pc and claim 18% gst through my friend's gst number . To save money . Is this legal? Or it will make any kind of trouble?

    • @debarghyakarforma262
      @debarghyakarforma262 2 роки тому +3

      Nope . It is totally illegal. If u r claiming GST that's means u are purchasing this product for business purpose.

    • @amritansh3357
      @amritansh3357 11 місяців тому

      See everything will be okay if the amount of laptop justifies with the amount of turnover of your friend if he's having huge no. of turnovers nothing will be harmed but if it's a small business then notice can come to him if he had regularly claimed ITC for every random product and at that time your friend may have to face a penalty and inspection

  • @niharlakeshri8798
    @niharlakeshri8798 2 роки тому +5

    Hi i have one question
    What if we have lets say purchased product for improvement of business and paid gst of 20k , but have not yet made any income from customers and lets say that gst i. Have received from sales is less than 20 k or not at all, then will i get 20 k refund for gst ?

    • @aakaash088
      @aakaash088 2 роки тому

      Same question, can someone help answer it? Thanks 🙂

    • @royofficial7004
      @royofficial7004 2 роки тому +1

      Ye do kauri ki youtuber bata nabi payega better to ask CA

    • @manikdahuja
      @manikdahuja Рік тому

      Yes you can claim

  • @mohanjha8700
    @mohanjha8700 2 роки тому +3

    I want to buy laptop from hp store on credit card emi, can i still use gst number

    • @saumiksarkar9834
      @saumiksarkar9834 2 роки тому +3

      No if you buy in gst you have to pay in full amount one time, emi is not applicable when purchasing with gst

    • @Hrithik_w10
      @Hrithik_w10 Рік тому

      @@saumiksarkar9834gst hone se gst officers vi ayga apka store visit karne ko

  • @susanta.sahu01
    @susanta.sahu01 2 роки тому +3

    Can we get the same benefit over proprietary registered business?

  • @nadeemchitaliya9411
    @nadeemchitaliya9411 Рік тому

    VIDEO WAS HELPFUL,THANKS BRO

  • @rosidulbarbhuiya2424
    @rosidulbarbhuiya2424 2 роки тому +2

    Love you too bhai

  • @mehkhan
    @mehkhan 2 роки тому +1

    I'm New subscriber, I got one more useful video 😀

  • @khansireducation8066
    @khansireducation8066 2 роки тому

    Thank you bro for this new and interesting information.......

  • @techrobber7560
    @techrobber7560 Рік тому +2

    Sir please answer
    mere relative ki Gst Id hai, aur mujhe laptop Lena hai aur utna paisa😕 nhi hai ,to kya mai laptop par Gst credit claim kar sakta hu , 28% discount ke liye

  • @sandythakkar
    @sandythakkar Рік тому +1

    I have a doubt about how to claim gst file without any CA's help

  • @Small-businessbigprofit
    @Small-businessbigprofit 2 роки тому +2

    Free and savings ke chakar me company's apko sale karadi jo apko utna zaroori nhi the..🤣

  • @vinayakrokade9237
    @vinayakrokade9237 2 роки тому +1

    Can anyone tell me how to make background colour as in background of thumbnail pink&white

  • @airscapeindia1649
    @airscapeindia1649 2 роки тому +3

    Great video ... Just a quick question related to my business. I am a Travel agent and purchase hotel rooms and transport for my clients. I want to know what if I purchase hotels room paying 12% or 18% GST and I charge 5 % GST to my client as I am selling tour package. Am I eligible for GST credit of 5% or more.

  • @rahul.katkam
    @rahul.katkam 2 роки тому +1

    Thank you bro ❤️

  • @sharkinternational7790
    @sharkinternational7790 Рік тому

    WELL EXPLAINED

  • @arjunparihar6554
    @arjunparihar6554 2 роки тому +19

    Agar hamne purchase jyada kiya he sell se to kya ham vo tax cash me govt. Se le skte he kiya please answer this

    • @aadishjain7454
      @aadishjain7454 2 роки тому +11

      Aage tax bhrega na usme se adjust hjyega..cash koi nh deta

    • @AshuMillionaire
      @AshuMillionaire Рік тому +1

      Bhai vo next month ke tax me adjust ho jayaga

    • @aadityaprajapati3409
      @aadityaprajapati3409 Рік тому

      @@aadishjain7454 bhai self employed bhi ye kr skte h kya

    • @Sandesh_mishra.
      @Sandesh_mishra. 11 місяців тому

      ​@@aadityaprajapati3409haa bhai

  • @sagarsway7768
    @sagarsway7768 2 роки тому +1

    Which business you are doing ?

  • @vishalmodi2926
    @vishalmodi2926 Рік тому

    Very well explained

  • @user-sx5lh8tj1e
    @user-sx5lh8tj1e 6 місяців тому

    One question is that if I am buying anything from my Amazon business account so the payment should be done from company account or Can i use my personal credit card? Will I get benefit if I use my personal account like Gpay or Credit card ? Kindly help.

  • @ayushkumar-hx7lt
    @ayushkumar-hx7lt 2 роки тому +1

    Thanks you so much making my comment a video

  • @sumanbandopadhyay1183
    @sumanbandopadhyay1183 2 роки тому +2

    If I am a consumer and purchased many items and paid huge tax as part of it. Does anyway consumer can get some returns while filing taxes?

    • @amarsingh25
      @amarsingh25 Рік тому

      NO.
      Jo End consumer/ultimate consumer hota hai usko hi Tax bear karna hota hai.

  • @aruntam1
    @aruntam1 4 місяці тому

    Good Quality content, please do it in English.

  • @nitesh5329
    @nitesh5329 2 роки тому +1

    Agar GST In Number hai to fir kiya hamlog GST claim kar sakte hai..

  • @user-ow7rl3dp1t
    @user-ow7rl3dp1t 7 днів тому

    Thanks bro

  • @Zenconstructions
    @Zenconstructions 5 місяців тому

    Excellent information

  • @Aditya.Santra
    @Aditya.Santra 2 роки тому +3

    Hi Pratik,
    Can i cliam GST Credit if i buy this Macbook with student discount?

  • @justfocus9642
    @justfocus9642 2 роки тому +3

    I registered my gst/company 1 week back, can I claim 3 months old Bill of LAPTOP purchased for business??

  • @DiorXd-vf7zd
    @DiorXd-vf7zd 2 місяці тому

    What if we have not done any sales

  • @Frostygaming7852
    @Frostygaming7852 Рік тому

    you explained very well thanx

  • @36abhaysinghabhimanyu13
    @36abhaysinghabhimanyu13 2 роки тому +1

    Explain me bond please

  • @rudramohit1904
    @rudramohit1904 2 роки тому +1

    Then bro how did you claim gst on MacBook??

  • @mohanpatel4535
    @mohanpatel4535 2 роки тому +1

    Hi Pratick
    May i know what business service are you providing for people

  • @bharatjadhav6683
    @bharatjadhav6683 3 місяці тому

    Agr Maine 30.000 ka laptop liya business account se uspe majhe 7400 ka mujhe gst off mila to mujhe baad me gst return ke time Kitna Dena hoga

  • @AftabKhann-yt
    @AftabKhann-yt 11 місяців тому +1

    Can i Get ITC on my Rado Wrist watch of Rs 145000

  • @akshayreddy3073
    @akshayreddy3073 Рік тому

    But some companies like hydropower does work

  • @krishspidey1866
    @krishspidey1866 2 роки тому

    ohh so thats how my father gets things for cheap

  • @devalsanghavi8868
    @devalsanghavi8868 2 роки тому +7

    You can only claim the ITC for products which would be use in furtherance of your business
    Otherwise, you will start getting notices from authorities 💀🙃

    • @IndianTrickyManish
      @IndianTrickyManish Рік тому +2

      Plz elaborate bro

    • @neerajkhanduri2860
      @neerajkhanduri2860 4 місяці тому

      Are laptop phone etc. business need hi hai😅 don't worry, just don't order 10 lakh rupees item with a turnover of 1 lakh😅

    • @devalsanghavi8868
      @devalsanghavi8868 4 місяці тому

      @@IndianTrickyManish matlab ki agar koi chiz business mai kaam aaye, uska hi input tax credit (GST credit) use kar sakte hai. Agar aapka grocery store hai, aur agar aapne personal use ke liye car kharidi, toh uska input tax credit (GST credit) apne business ki gst liability ke saamne off set nhi kar saktey

  • @aareabhi453
    @aareabhi453 5 місяців тому

    Thank you❤

  • @kamalshinde3984
    @kamalshinde3984 2 місяці тому

    How to get ITC claim from Facebook. If we spend in lakhs for facebook ads

  • @ryukgaming4895
    @ryukgaming4895 Рік тому +1

    I bought iphone 13 from unicorn website ,will i be able to claim itc on that .i have the tax invoice but they didn't ask for my GSTIN

  • @drriteshsharma6448
    @drriteshsharma6448 4 місяці тому

    How govt comes yo know that the product is for office use or personal use...
    I can purchase AC for office and use at my home...

  • @hirankthakur6585
    @hirankthakur6585 2 роки тому +15

    What if I buy item for my business and gift it to someone . Then also am I eligible for ITC??
    Buy the way love your videos bro ❤️❤️

    • @hirankthakur6585
      @hirankthakur6585 2 роки тому +6

      @@manjushacherekar6089 How would someone know that I am not using it......

    • @hirankthakur6585
      @hirankthakur6585 2 роки тому +3

      @@manjushacherekar6089 😂😂😂

    • @ajay2552
      @ajay2552 2 роки тому +3

      @@Vinayadavofficial bhai gift me to wo item dega na. invoice thodi na dega. Aur IT wale konse check karenge ki item tumhare paas hai ki nhi

    • @OGxUSER
      @OGxUSER 2 роки тому

      @@Vinayadavofficial Bhai apn dusre person k gst number se laptop buy kr skte h ky?

    • @amarsingh25
      @amarsingh25 Рік тому +1

      Well!! legally you cannot get ITC, Govt. assumes you are using the particular product for your business for at least 5 years. So, there is no point of gifting.
      But as you mentioned above in the comment, "How would someone know that I am not using it......", well!! my friend!! that depends upon the value of the product. Basically, you'll be safe until there is an inspection.

  • @vrhepaul1519
    @vrhepaul1519 Місяць тому

    Bro mene loss me😭😭 business band kerdiya mere account me 1.5lakh rs GST h GST account me usse kaise apne bank account me transfer kru please help me?

  • @sajidmullah5260
    @sajidmullah5260 2 роки тому

    I also prefer to shop with Amazon instead of Flipkart

  • @anishbarman8814
    @anishbarman8814 2 роки тому +2

    What is the benefit when it's just cancelling my payment to the government

    • @amritansh3357
      @amritansh3357 11 місяців тому +1

      Bhai the payment you are making to govt is not out of ur pocket but it's the GST you've collected from customer which ultimately you've to pay. So ultimately you are benefited as your gst on that product is cancelled

    • @anishbarman8814
      @anishbarman8814 10 місяців тому

      @@amritansh3357 damn ek saal baad mera doubt solve hua

  • @aarinchauhan8641
    @aarinchauhan8641 7 місяців тому

    I bought a laptop from with my friend gst number on the bill it is mentioned that there is 18% tax. And now my friend is telling me that we never get full refund back. He is telling me that only 9% of it will get return. Is it true or my friend is making profit from me.

  • @gauravparashar5541
    @gauravparashar5541 2 роки тому +1

    👌 information💥

  • @deekshagupta8102
    @deekshagupta8102 5 місяців тому

    If I sell service worth 100 rs and tax is 18 rs , So i have to pay 18 rs to gov and if I purchase a 500 rs product and it's gst is 90 rs so then I pay 18 rs of gst and attach my 500 rs product then the rest of 72 rs will gov pay me?

    • @ashishkumar-jo7cj
      @ashishkumar-jo7cj 19 днів тому

      Yes you have to pay that 72rs also because you have claimed that 90rs from the seller

  • @ajaybeersingh4930
    @ajaybeersingh4930 2 роки тому

    Should I made a separate Amazon business account or convert my old account to business account??

  • @devinarayanan8094
    @devinarayanan8094 2 роки тому

    bhaiya pls make a video on your freelancing journey

  • @subhagayen3581
    @subhagayen3581 27 днів тому

    Explain krna tha ki smart phone se paisa kaise bachay explain kr diya ITC

  • @AkbarAli-jw4zm
    @AkbarAli-jw4zm 9 місяців тому

    Thanks

  • @narendrasinghpanwar7871
    @narendrasinghpanwar7871 Рік тому +1

    Can govt employee can claim gst refund

  • @arunkumarghadai660
    @arunkumarghadai660 4 місяці тому

    Bro ham agar Business own nahi karte toh ham kya gst number le sakte

  • @MeetPatel-gc5sl
    @MeetPatel-gc5sl Рік тому

    If i purchase any product worth 100rs and claim gst on it then i have to pay 82rs or 100rs ?

  • @paramjyothiakula
    @paramjyothiakula Рік тому

    You mentioned all 3 parties should come under gst purview but customer need not come right? We just charge them. And suppose i don't take 18 rs from customer should i still need to give 18% to govt?

  • @shivkumarsingh9742
    @shivkumarsingh9742 9 місяців тому

    How get claims of gst purchase from other state other than where I registered with gst

  • @surajkumarjena87
    @surajkumarjena87 Рік тому

    What kind of bussiness you exaxtly own bro ...
    If you can explain that in a video. .that would be ...really helpful .
    And what kind of frelancing work you do ...??
    Apart from u tube and trading...!!

  • @Chess_sala_
    @Chess_sala_ 5 місяців тому

    Sir main koi buisness nahi krta.... Lakin GST claim krna h possible h kya?

  • @sujeetaland5090
    @sujeetaland5090 Рік тому

    Does the Amazon business account affect Tax?? Plzz clarify me 😊

  • @AftabKhann-yt
    @AftabKhann-yt 11 місяців тому

    Can We claim ITC If Payment of my Gst Invoice made Through Cash Or with friends Credit Card

  • @guptashashank
    @guptashashank 2 роки тому

    Can a medical shop claim gst for laptop and mobile

  • @vivekjain999
    @vivekjain999 Рік тому

    Humko payment business ke current account se krna hai ki hum koi bhi dusre account se kr sakte h jaise apne savings account se ?

  • @siddharthdwivedi9597
    @siddharthdwivedi9597 2 роки тому

    Agr hamare business ki sale ho 1 lakh ...to kya hum 10 lakh ka supporting item buy kr skte hain?

  • @Krishnarocx
    @Krishnarocx 2 місяці тому

    Bhai M3 AC le raha hun, agar kisi aur ka GST use karke usse tax rebate lelu, mil jayga, par kya Product ki payment bhi usi party se karvau ya m3 bhi kar sakta hu

  • @joysavan
    @joysavan Рік тому

    Last video kaunsa hai jisme aapne discuss kiya hai ?

  • @altamashshaikh-freelancing439
    @altamashshaikh-freelancing439 10 місяців тому

    I wanted to purchase a laptop of 65k where I have option to add gst if you want I can add your gst and you can add has their input tax credit and we can get it settled with some discount. Please let me know

  • @underground_security
    @underground_security 7 місяців тому

    Claim wala paisa Kaha aaega?? Bank me?

  • @vikramkumarsoni5283
    @vikramkumarsoni5283 Рік тому

    Sir mere pass gstin no. Nahi hai toh kya main dost k dad ka use kr discount leke invoice apne naam ka bana sakte hain taki bank se laptop ka reimbursement le sake , education loan se?

  • @chahatmehta1454
    @chahatmehta1454 8 місяців тому

    is it compulsory to pay with company's business account(bank) which payment or personal account / credit card or cash payment are also eligible for claiming gst credit. Maybe we have to endorsed it with the help of CA? not sure.
    If anybody knew please let me know.
    Thank You

  • @jigarpanchal0
    @jigarpanchal0 2 роки тому

    Bro mujhe still samaj nahi aaya ki tumne vo 27k claim kaise kiye apne laptop ke ???

  • @seepukumari7893
    @seepukumari7893 Рік тому

    Jab hum gst bill claim karte Hai toh hume woh amount kaise milta hai,? Bank account m aa jate hai??

  • @amangill7547
    @amangill7547 Рік тому

    I want to know something.....
    I want to start my youtube channel
    can I register it into GST and claim the GST on gadgets that I buy for that purpose......like if I buy a camera can I claim the gst on that
    please tell me...

  • @binancework6424
    @binancework6424 2 роки тому

    Hello sir i have almost 4 crore in my gst input credit where i can use it please tell me.

  • @ujjawalsharma6527
    @ujjawalsharma6527 2 роки тому

    Young, curious and class. Good work.

  • @sharemarket6447
    @sharemarket6447 2 роки тому

    Bro explain About how GST
    How to file
    Etc etc

    • @raunak5086
      @raunak5086 2 роки тому

      It's difficult u gotta hire a CA

  • @balajigitte4917
    @balajigitte4917 2 роки тому +1

    Pls make a video on credit card for students with full plus points and negative point should we use it or not

  • @rayyanayyubi1297
    @rayyanayyubi1297 2 роки тому

    GST is on income above 2 lacs right?

  • @asrbari5
    @asrbari5 10 місяців тому

    Hi, thank you. I have a query. I am a sole proprietor and i need to buy laptop. DO i need to pay from my GST registered current account or can i pay from my personal account also and claim input tax credit. Also, if i have insufficient balance in my current account, can i add amount into it and not show as sales income? in that case, under what head do i need to show that transaction/amount? Anyone, please help.

  • @pankajchaudhari3006
    @pankajchaudhari3006 Рік тому

    Nice info

  • @himeshrathod2068
    @himeshrathod2068 2 роки тому +2

    Bro, can we claim gst on offline purchase?
    Please answer the question

    • @ifthikarchoudhury9406
      @ifthikarchoudhury9406 2 роки тому

      Yes you can

    • @irl.prathamm
      @irl.prathamm 2 роки тому +1

      Only if you have GST invoice

    • @himeshrathod2068
      @himeshrathod2068 2 роки тому

      Bro, would I had to charge tax to company,??
      Cuz I give them service

    • @ajay2552
      @ajay2552 2 роки тому +1

      Han bhai but dukandaar ko bolna ki wo gst bill de tujhe

  • @user-ne1ek5ig1b
    @user-ne1ek5ig1b Рік тому

    pratik bhai itc ka claimed money bank account me aata hey kya???

  • @dhananjaygiri7720
    @dhananjaygiri7720 2 роки тому

    gst ka use krke emi bhi kra sakte h

  • @shreshth3190
    @shreshth3190 2 роки тому

    Bro hume pata kese chlega ki teeno party me se konsi party gst ke under registered h apni comp ko chodke?

  • @hansrajgarg5820
    @hansrajgarg5820 2 роки тому

    Is ITC also applied on composition gst scheme

  • @bigdracco9204
    @bigdracco9204 2 роки тому

    pratik can you put English CAption in all of your videos?

  • @leoshorts7839
    @leoshorts7839 2 роки тому

    Bro aise koi app he jo yearly atlest 20 to 30 % return de and me already stock market me invested hu

  • @RahulKumar-mr8bg
    @RahulKumar-mr8bg 2 роки тому

    Hlo bhai kya stock market ke liye bhi gst ki padti h kya?.

  • @golammortaza-qo9cc
    @golammortaza-qo9cc 11 місяців тому

    GST refund possible?

  • @flexwithatish
    @flexwithatish Рік тому

    Bill ka business name p hona zruri h???