Hello, friends.
How are you all?
Good morning, good evening, good afternoon.
Great fun outside.
Great. Everything is going great.
Sir, we have reached our last topic.
The last topic of ITC.
how to pay taxes.
How will taxes be paid?
This is the last topic of our IDC chapter.
We have read section 16, 17, 18.
What is credit? How do we utilise it?
When do we block it?
Now we just have to look at this.
How do you use the ITC for the tax payment?
Sir, how do you use it?
I don't understand what you are trying to say.
Try to understand what I am trying to say.
I am trying to say that when you purchase something, you
deposit your tax.
What do you deposit? Basically, you pay the supplier tax.
It has become your ITC.
Now, it is also possible that you have purchased an
intrastate.
And it is also possible that you have purchased an
intrastate.
And it is also possible that you have done imports.
Are you reading between the lines?
What I am trying to say is that it is possible that you
have purchased an intrastate.
Sir, if you purchase Intrastate, as I have explained to you
in many lectures before, when you purchase Intrastate, you
pay CGST and that state's particular SDST or Union
Territory GST.
This is what you pay.
if you do Interstate Purchase.
If you buy goods from the interstate...
then you pay IGST.
Even if you import, you pay IGST.
You have paid for it.
And obviously, when you pay for it, you will get its credit.
Now try to understand when you become a seller. [Powered By Dubverse]