All the amendments in the above video are relevant for Students who have studied upto Dec 21. For Students who have taken our May 22 classes, I have mentioned a few amendments in first 5 min of video. May 2022 students shall be required to see only those amendments

All RTP questions relevant to all amendments have been covered in these notes itself

❇️CA Inter Taxation Most detailed analysis and notes for INCOME TAX & GST AMENDMENTS applicable for CA Inter May 22 exams

👨‍💻By CA Sanchit Grover Sir

🖥 Income Tax Amendment video
https://youtu.be/Re6ervByGb8


🖥 GST Amendment video
https://youtu.be/Ueo2WqK4KWg

⛳️Main features of the notes:-
👉Explanation of background knowledge and logic for each amendment.

👉Illustrations with each amendment to prepare for exam.

👉Summary analysis for amendment in Flowchart for last day revision.

👉 Coverage of Questions from RTP May 2022, related to amendments.

Hi all

Due to some technical issues, Income Tax marathon video uploaded today morning had to be removed from youtube channel

Will upload it again in evening

Chapters covered in Part 1 of Marathon

1) Basic Concepts and Tax rates
2) Residential Status
3) Agricultural Income
4) Exemptions
5) Deductions under Chapter VI-A
6) Income under Salary
7) Income under House Property

Hi all
Income Tax Test Series would start from today i.e. 11th April 2022

First Test of first 4 chapters would be uploaded on our app 'CA Knowledge portal' at 2:30 pm.

Further schedule would remain the same

6 Test of GST have already been uploaded on our app....If you havnt still attempted them, check out these tests on our app ASAP

Here are the links for Corporate and Other Laws marathon

Part 1(Other Laws)
https://youtu.be/CBsYUki7rLQPart

Part 2(Companies Act)
https://youtu.be/YUbGbii2G08Join

Part 3(Companies Act)
https://youtu.be/ZunvdhPe6Hw

Your GST question for today...Read the question carefully before answering

Sorry i realized that the options in the answer were not clearly visible

Posting it again

GST Question for Today:- Mr. X has output tax liability of IGST Rs. 50,000 for the month of August 2021. He has unutilized ITC ofRs. 15,000 IGST, Rs. 30,000 CGST and Rs. 35,000 SGST available in his credit ledger. Which should be the correct mechanism of adjustment for Mr. X:-
a) He should first adjust Rs. 15,000 IGST credit and thereafter Rs. 35,000 SGST credit. Balance Rs. 30,000 CGST credit should be carried forward
b) He should first adjust Rs. 15,000 IGST credit and thereafter Rs. 30,000 CGST credit and then Rs. 5000 SGST credit. Balance Rs. 30,000 SGST credit can be carried forward.
c) He is compulsarily required to adjust Rs. 15,000 IGST credit first. Thereafter for the balance Rs. 35,000, it is his option either to use CGST credit or SGST credit
d) Any of the three credits – IGST, CGST or SGST may be utilized in any order, as per the will of Mr. X

The correct answer to above question would be (b). In respect of IGST liability, first we need to use Igst credit and if both excess CGST and SGST credit are available, we need to give priority to CGST credit for utilization against IGST liability