Posts

Showing posts from November, 2024

HOW TO CLAIM AND AVAIL INPUT TAX CREDIT

Image
  How to claim input tax credit under GST? To claim input tax credit under GST – You must have a  tax invoice (of purchase), or debit note  issued by registered dealer You should have  received   the goods/services Note: Where goods are received in lots/instalments, credit will be available against the tax invoice upon receipt of last lot or installment. Note: Where recipient does not pay the value of service or tax thereon within 3 months of issue of invoice and he has already availed input tax credit based on the invoice, the said credit will be added to his output tax liability along with interest. The  tax charged on your purchases  has been  deposited/paid  to the government by the supplier in cash or via claiming input tax credit Supplier has filed GST returns Supplier has uploaded the invoice in their GSTR-1 , and it appears in GSTR-2B of the recipient or buyer. Possibly the most path-breaking reform of GST is that input tax cred...

GST - INPUT TAX CREDIT

Image
  What is Input Tax Credit under GST & How to claim it? A significant change that GST introduced was  the mechanism of input tax credit under GST. Here’s a quick check on what can you expect from this article: For beginners  – Don’t worry if you have never heard of ‘input tax credit’ before. We’ll start from scratch. For businesses  – If you are a business, you may have already heard of VAT input credit, and you will soon know how it differs from GST input tax credit. AVAILING INPUT TAX CREDIT - For people who can impactable factor under GST Latest Updates 1st February 2022 Budget 2022 updates- 1. ITC cannot be claimed if it is restricted in GSTR-2B available under Section 38. 2. Time limit to claim ITC on invoices or debit notes of a financial year is revised to earlier of two dates. Firstly, 30th November of the following year or secondly, the date of filing annual returns. 3. Section 38 is completely revamped as ‘Communication of details of inward suppl...

WELCOME TO ELYSIUM ACADEMY

Image
 Leading the Way to Career Success Elysium Academy Elysium Academy is recognized as the world's premier computer training institute, offering top-tier international certification programs. Additionally, we stand out as professional computer training providers in all over India. Our goal is to empower every student with technology-driven educational skills through intelligent learning sessions. Our array of online and supplementary educational offerings ensures widespread accessibility for end users. If education represents intellectual and mental growth, then Elysium Academy stands at the forefront of evolution, continually achieving new heights of success. Leading the Way to Career Success Elysium Academy Elysium Academy is recognized as the world's premier computer training institute, offering top-tier international certification programs. Additionally, we stand out as professional computer training providers in all over India. Our goal is to empower every student with techno...
Image
   Restart Your Career at HCL Tech: Opportunities After     Career Breaks Commenting on the Returnship Program, the company said, “We understand that sometimes taking a career break is necessary, but how do you re-enter the workforce? Our HCLTech Returnship program supports people just like you who want to pursue both personal and professional goals. We welcome our ‘Returners’ back with a supportive workplace and match you with the right job for this important stage of your career.” “If you hope to return to the technology field, we promise a rewarding career at HCLTech and make it easy with our Returns hip program–specially designed for women re-entering the workforce.’ The company added. Required Skills And Experience The company offers a unique blend of learning journeys and career paths, designed by HCL Tech as the perfect re-start to your work break Required Technical and Professional Expertise Strong experience in programming languages and understanding of...