Change in ITC provisions of GST, restrictions on availment of credit u/s 38 w.e.f 1st October, 2022

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0:00 Introduction
0:40 Why amendment brought to ITC/ GST Credit provisions [ Section 16(2), 37, 38, 41, 42, 43, 43A, 49]
04: 00 Matching provisions under GST
04:45 Substitution of section 38 sub-section 2
06:05 Section 38(2)(b) credit not/ cannot be available to recipient/buyer, restricted credit w.e.f. 1st October 2022
06:24 1st Ground of credit restriction, by any registered person within such period of taking registration as may be prescribed; or
06:58 2nd ground of credit restriction, by any registered person who, during such period as may be prescribed, has availed credit of input tax of an amount that exceeds the credit that can be availed by him in accordance with clause (a), by such limit as may be prescribed; or
07:37 3rd ground of restriction, by any registered person, the output tax payable by whom in accordance with the statement of outward supplies furnished by him under the said sub-section during such period, as may be prescribed, exceeds the output tax paid by him during the said period by such limit as may be prescribed; or
08:29 fourth ground, by any registered person, who has defaulted in discharging his tax liability in accordance with the provisions of sub-section (12) of section 49 subject to such conditions and restrictions as may be prescribed; or; rule 86B; amendment to section 49 sub-section 12
12:26 enabling provisions section 38(2)
13:41 credit available under section 38(2)(a)
14:49 summary
15:24 Negative consequences if power not rightly exercised
18:29 Positive consequences if power rightly excercised
22:40 Substitution of section 41, sub-section (2) of section 41 recovery from recipient/buyer with interest

Видео Change in ITC provisions of GST, restrictions on availment of credit u/s 38 w.e.f 1st October, 2022 канала Advocate Nidhi Gupta