Sir Rule 43 anusarich aa year il reverse cheythilla engil pinne reverse cheyan calculation edukkumbolum monthly thanne proportion edukkano oru year basis il edukkamo ella value vum
Oru exempt supply nu exclusive aayi vangiya capital asset later common use ilekku convert cheythal, pazhaya rule anusarich, total ITC on that capital asset *minus* 5% for every quarter used for exempt supply is added to Electronic credit ledger. New rule anusarich full input electronic credit ledger ilek add cheyyanam. Ennitt 5% for every quarter calculate cheyth output tax ilekk add cheyyanam. Tax effect is the same. But ith separate aayi disclose cheyyanam.
There's one more change: Oru asset fully taxable supply nu use cheyth pinneed partially taxable supply nu use chethal as per earlier rule common credit ileku add aakunnath ITC on such asset *minus* 5% for every quarter ayirunu. As per new rule, ITC on such asset should be fully added to common credit. Nothing to subtract. I dnt know why such rule is made.
Thank you sir well explained
Thank you so much sir
Well information
Thanku sir.... Well explained....
Very usefull
Supply illatha masagalil capital goods ITC nerathe eaduthathu reverse cheyano
Sir Rule 43 anusarich aa year il reverse cheythilla engil pinne reverse cheyan calculation edukkumbolum monthly thanne proportion edukkano oru year basis il edukkamo ella value vum
Well presentation 👍
Sir interst rate 24 % alle?
Sir business avishathin veandi swiping machine purchse chaythu athinta ITC calim chayan pattumo????
(Gstr2a yil vanittund )
Lovely Lazim
Yes
Thank you sir
Notification No.16/2020 CT dated 23.03.2020 anusarich ithil vannittulla change onn parayuvo.
Oru exempt supply nu exclusive aayi vangiya capital asset later common use ilekku convert cheythal, pazhaya rule anusarich, total ITC on that capital asset *minus* 5% for every quarter used for exempt supply is added to Electronic credit ledger.
New rule anusarich full input electronic credit ledger ilek add cheyyanam. Ennitt 5% for every quarter calculate cheyth output tax ilekk add cheyyanam.
Tax effect is the same. But ith separate aayi disclose cheyyanam.
There's one more change:
Oru asset fully taxable supply nu use cheyth pinneed partially taxable supply nu use chethal as per earlier rule common credit ileku add aakunnath ITC on such asset *minus* 5% for every quarter ayirunu.
As per new rule, ITC on such asset should be fully added to common credit.
Nothing to subtract.
I dnt know why such rule is made.
Sir, business purposes veandi account s chaiyan tally software ( fixed assets)purchase chaithu athu capital goods ayi edukkano ? athinu Itc il calim kittumo?
Yes, you can claim ITC
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