Join us for an insightful YouTube Live session as we delve into the intricacies of Input Tax Credit (ITC) under the Goods and Services Tax (GST) framework. Our goal is to provide a comprehensive understanding of ITC, its significance, challenges, and crucial provisions that impact businesses.
Download Presentation Slide: PPT on Decoding Input Tax Credit (ITC) in GST: From Basics to Challenges
Agenda:
- Introduction:
- Brief overview of the pivotal role of ITC in the GST framework.
- Addressing common pain points experienced by businesses.
- Concept of Input Tax Credit:
- Unpacking the concept of ITC and why it’s often referred to as the “Soul” of GST.
- Exploring the eligibility criteria and conditions for claiming ITC.
- Key provisions: A detailed look into Sections 16 and the Rules 36, 37, 37A, and the new Rule 88D.
- Availability of Credit in Special Circumstances:
- In-depth exploration of Section 18.
- Understanding how and when one can claim credit in unique situations.
- Apportionment of Credit:
- A comprehensive guide to dividing or allocating credit appropriately.
- Discussion on Sections 17(1), 17(2), 17(3), and 17(4) along with real-life scenarios and examples.
- Blocked Credit:
- Overview of Section 17(5).
- Identification of credits that cannot be availed and the reasons behind it.
- Challenges & Practical Impediments:
- Sharing common challenges faced by professionals, accountants, and industrialists in dealing with ITC.
- Providing valuable tips to overcome challenges and offering practical solutions.
- Interactive Q&A Session:
- Engage with viewers in a live question and answer segment, addressing their queries about ITC under GST.
Date & Time: 3rd September 2023, 11:00 AM – 1:00 PM
Registration Link: Secure your spot by registering at Registration Link
YouTube Live Link: Tune in to the event live on our YouTube channel: TaxGuruSolutions
Speaker Profile:
Advocate Rajbir Singh is a distinguished member of the Bar Council of Punjab & Haryana, having been enrolled since 2018. In 2022, he joined the “DTBA, Faridabad” Parivar. Additionally, he is recognized as a “Trademark Attorney.”
Educationally, he secured an MBA in 2011 and completed his LLB in 2016.
Rajbir Singh has amassed over a decade of expertise in both Direct and Indirect Taxes, spanning areas like the Goods & Service Tax, Income Tax, Trademark, and MSME acts. He is actively involved in GST audits across several states, including Haryana, Maharashtra, Telangana, and Uttarakhand. Beyond audits, his professional acumen extends to litigation matters, including the scrutiny of returns and responses to show cause notices. He adeptly handles matters pertaining to the recovery of MSME payments, working closely with the MSME council as per the MSME Act.
He is also a frequent speaker at GST study circle meetings organized by the “District Tax Bar Association” in Faridabad.
Author Bio
