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itc in gst

ITC stands for Input Tax Credit

GST stands for Goods and Services Tax

ekvij provides online exam in itc in gst for preparation of CA, CS, CMA and GSR Practitioner exams.

Online Quiz 1 in Input Tax Credit

Online Quiz 2 in Input Tax Credit

Online Mock Test 1 in Input Tax Credit and Its Utilization

Online Mock Test 2 in Input Tax Credit and Its Utilization

Online Mock Test 3 in Input Tax Credit and Its Utilization

Online Mock Test 4 in Input Tax Credit and Its Utilization

Input Tax Credit  is one of the key features of Goods and Services Tax.

Input credit means at the time of paying tax on output, you can reduce the tax you have already paid on inputs.

Say, you are a manufacturer –

tax payable on output (FINAL PRODUCT) is Rs 4500

tax paid on input (PURCHASES) is Rs 3000

You can claim INPUT CREDIT of Rs 3000 and you only need to deposit Rs 1500 in taxes.

Definitions of GST

Mock Test in Definitions of GST 

Composition Levy

Mock Test in Composition Levy

Tax Invoice and E-Way Bill

Mock Test in Tax Invoice and E-Way Bill

Exemption from GST

GST Council doubled the limit for exemption from payment of GST to Rs 40 lakh and announced that the higher turnover cap of Rs 1.5 crore for availing composition scheme of paying 1 per cent tax will be effective from April 1.

Mock Test 1 In Exemption from GST 

Mock Test 2 In Exemption from GST 

Mock Test 3 In Exemption from GST 

Levy and Collection

Online Mock Test in  Levy and Collection

Location of Supplier and Place of Supply of GST

Mock Test 1 in Location of Supplier and Place of Supply of GST

Mock Test 2 in Location of Supplier and Place of Supply of GST

Mock Test 3 in Location of Supplier and Place of Supply of GST

Payment of Tax

Online Mock Test in Payment of Tax

Registration of GST

Online Mock Test 1 in Registration of GST 

Online Mock Test 2 in Registration of GST 

Online Mock Test 3 in Registration of GST 

Online Mock Test 4 in Registration of GST 

Returns of GST

Online mock Test 1 in Returns of GST 

Online mock Test 2 in Returns of GST 

Supply under GST

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Online Mock test 2 in Supply under GST

Online Mock test 3 in Supply under GST

Tax Invoice

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Time of Supply

Online Exam in Time of Supply

Value of Supply

Online Mock Test 1 in Value of Supply

Online Mock Test 2 in Value of Supply

Online Mock Test 3 in Value of Supply

Advance Ruling

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Online Mock test 2 in Advance Ruling

Assessment

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Basics of GST

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Composition Scheme

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Concept of Supply

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Demands and Recovery

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Online Mock Test 2 in Demands and Recovery

Exemption from GST

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Online Mock Test 2 in Exemption from GST

Online Mock Test 3 in Exemption from GST

Input Tax Credit

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Online Quiz 2 in Input Tax Credit

Levy of GST

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Liability to Pay in Certain Cases

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Payment of Tax

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Place of Supply

Online Exam in Place of Supply

Refunds

Online Mock Test 1 in Refunds

Online Mock Test 2 in Refunds

GST Registration

In the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration.

Click here  GST Registration online

Online Mock Test 1 in Registration

Online Mock Test 2 in Registration

Returns

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Reverse Charge

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Tax Invoice

Online Quiz in Tax Invoice

Time of Supply

Online exam in Time of Supply

Value of Supply

Online Mock Test in Value of Supply