3-Business Expenses on which you can’t avail Input Tax credit | GST
Watch the video to know about goods or services on which you can't avail input tax credit even if used for the purpose of your business.
For more videos on Income Tax, GST, Tally etc, subscribe to my YouTube channel.
0:00 Intro 1:39 5-Conditions to avail ITC 3:47 Motor Vehicles & Other Conveyances 6:09 Other Specified Goods or Services 8:30 Immovable Property 9:47 Others
The video attempts to explain the change proposed in the Union Budget 2023-24 which aims to help MSMEs get payments faster from their buyers. Watch the video to know what's an MSME, benefits of getting oneself registered as an MSME and the change that is proposed in the budget.
For more videos on Income Tax, GST, Tally etc, subscribe to my YouTube channel.
0:00 Intro
0:32 What's MSME?
2:16 Benefits from MSME registration
2:57 Protection against delayed payments
4:26 How can MSMEs get timely payments?
MSME/Udyam registration portal: https://udyamregistration.gov.in/Government-India/Ministry-MSME-registration.htm
Image Credit: INDV100 https://upload.wikimedia.org/wikipedia/commons/e/e2/MSME_Logo.svg
#incometax #taxation #it #budget2023 #unionbudget2023 #changes #msme #udyamregistration
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https://www.youtube.com/watch?v=hqUkLQ6zxu4
Watch video to know 4 cash transactions that you may want to avoid so that you don't end up paying fine or losing tax deduction.
Related Video:
1. Say NO to 6 cash transactions to avoid penalty from IT Department https://youtu.be/juj2rrQ4s0k
2. Deduction of Medical Expenses despite having no health insurance!! https://youtu.be/67MLK5wolvQ
Image Credit:
1. Dawforpc https://upload.wikimedia.org/wikipedia/commons/b/ba/Donation.svg
#incometax #taxation #short #cash #avoid #healthinsurance #donation #realestate #loan #advance #penalty #taxdeductions
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https://www.youtube.com/watch?v=WKx_vyj2_JU
Watch the video to understand how the interest calculation feature functions in Tally Prime.
For more videos on Income Tax, GST, Tally etc, subscribe to my YouTube channel.
0:00 Intro
2:05 Enable Interest Calculation
2:32 Interest on OD
5:49 Interest Income
#interest #calculation #tally #prime #tallyerp9
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https://www.youtube.com/watch?v=d9rPlQ3xchs
If you are risk averse, this video is for you. This video attempts to explain top 3 investment instruments which would yield you higher returns and at the same time pose lower risks. Also check out tax planning tips at the end!
Related Info:
Tax Planning: https://www.youtube.com/playlist?list=PLu1x1-ie7KEoWvRLVOb8c31ph4fftkfNi
Download form 1: https://www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=38
For more videos on Income Tax, GST, Tally etc, subscribe to my YouTube channel.
You may follow me on CAClubIndia: https://www.caclubindia.com/profile.asp?member_id=198435
0:00 Intro
2:45 Public Provident Fund (PPF)
4:42 Sukanya Samriddhi Yojana (SSY)
6:02 Senior Citizens' Savings Scheme (SCSS)
7:40 How to invest?
9:06 For Non-resident Indians (NRIs)
10:01 Comparison
12:29 Tax Planning
#scss #ssy #ppf #80c #incometax #seniorcitizens
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https://www.youtube.com/watch?v=3BsczUuLbJ0
The video attempts to explain 8-key changes proposed during the 50th meeting of the GST council which was held on 11th July 2023. Watch the video to know more about these changes.
0:00 Intro
0:17 Summary of Changes
1:04 Online Gaming
2:07 Food/beverages in Cinema Halls
2:49 GTAs
4:32 Services by Directors to the Company
5:29 GST Registration
7:53 Annual Returns
8:52 GST Amnesty Scheme 2023
9:55 ITC Difference: R3BvsR2A
10:48 Outro
Image Credit:
Mandatory by Nick Youngson CC BY-SA 3.0 Pix4free
Press Release: https://gstcouncil.gov.in/sites/default/files/news-ticker/Press%20release%2050th%20GST%20Council%20Meeting.pdf
#gst #gstreturn #new #changes #gstcouncil #meeting #onlinegaming #food #beverage #gta #registration #directorservices #annualreturn #gstamnestyscheme #itc #inputtaxcredit
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https://www.youtube.com/watch?v=EBbK0GcGRBI
Watch the video to know how to make payment of GST when you opt for Quarterly Return with Monthly Payment (QRMP) Scheme.
For more videos on Income Tax, GST, Tally etc, subscribe to my YouTube channel.
0:00 Intro
0:25 Who can opt for QRMP?
1:51 Who can't?
3:28 Due date for payment
5:31 Fixed Sum Method
7:59 Self Assessment Method
9:00 QRMP for New Taxpayers
10:36 How to pay tax online?
#qrmpscheme #qrmp #gst #gstreturnfiling #gstreturn #gstpayment #pmt06
#fixedsummethod #selfassessmentmethod #gstindia
Image Credit: Tiven2240 https://upload.wikimedia.org/wikipedia/commons/9/97/GST_India.png
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https://www.youtube.com/watch?v=IyIPW14_ne0
The video attempts to explain the complete process of accounting PF transactions in Tally starting from creating payroll voucher to generating ECR file to be uploaded on the EPFO portal.
The topics covered include breakup of PF into different components with a practical example for better comprehension and the step-by-step process to account PF transactions in Tally.
Related Videos:
1) Tax Treatment of PF balance: https://youtu.be/0qQ17ooB8zM
2) Payroll Processing in Tally Prime Part1: https://youtu.be/sFCdda6l_Rg
3) Payroll Processing in Tally Prime Part2: https://youtu.be/GW8Wp6T2_2M
For more videos on Income Tax, GST, Tally etc, subscribe to my YouTube channel.
0:00 Intro
1:26 PF breakup
5:22 Process
5:57 Create payroll voucher
8:37 Employer's PF contribution
12:47 View summary
13:12 Generate ECR
#providentfund #tallyprime #tallyerp9 #tally #pf #accounting #epfo #eps #edli #ecr
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https://www.youtube.com/watch?v=5aKMqOonzRs
How to define multiple price levels in Tally Prime for different types of buyers like wholesalers, retailers, consumers? How to automatically fill the price for each type of customers while preparing the tax invoice in Tally?
Watch the video to know more.
For more videos on Income Tax, GST, Tally etc, subscribe to my YouTube channel.
You may follow me on CAClubIndia: https://www.caclubindia.com/profile.asp?member_id=198435
0:00 Intro
0:07 What are multiple price levels?
1:38 Key Takeaways
2:06 Define Price Levels in Tally Prime
5:17 Categorization
5:55 Create Tax Invoice (Sales Voucher)
8:18 Revise Price List
#multiplepricelevels #tally #tallyprime #tallyerp9 #autofillpricetaxinvoice #wholesalerprice #pricelist #retailerprice #consumerprice #customerprice #enduserprice #salesvouchertally #revisepricelist #taxinvoice
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https://www.youtube.com/watch?v=hQbDVPDc5oE
This video explains the latest changes made in Table 4 of GSTR3B related to Input Tax Credit, in simple words.
Also check out the illustration, in the end, to see how you may hereafter report transactions in the new Table 4 of GSTR3B.
For more videos on Income Tax, GST, Tally etc, subscribe to my YouTube channel.
0:00 Intro
0:56 Contents of Table4
1:52 Comparison: Existing Vs New
4:21 Table 4B: ITC reversed
8:26 Table 4C: Net ITC available
8:46 Table 4D: Other details
12:30 Illustration
#gst #gstindia #gstr3b #gstreturnfiling #whatsnew #table4 #inputtaxcredit #itc #changesingst #illustration
Image Credit: Tiven2240 https://upload.wikimedia.org/wikipedia/commons/9/97/GST_India.png
GSTN Advisory: https://www.gst.gov.in/newsandupdates/read/553
CBIC Circular: https://cbic-gst.gov.in/pdf/Circular-170-02-2022-GST.pdf
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https://www.youtube.com/watch?v=erNYCDKcfo8