How is GST ITC Scam done? Most Detailed Explanation by CA Sahil Jain

The tax evasion demonstrated to you in this video is just the tip of the iceberg. We can dive deeper into much more technical stuff by involving reverse charge, mandatory filing of GSTR 3B, ways of making sure that tax collected from you has been paid etc. However, the idea behind making this video was not to make you a GST expert overnight. It was to give you some food for thought. Consider it as a trailer before you watch the entire movie.

Depending on how interested each one of you is to know more details, I'll take this process of learning further. Happy learning ❤️

Aapne kra kya.. Kra kyu
Me samjhe ke liye dekhne aaya tha.. But badi video hone ke bad bi boriyat nhi huyi.. Shabas. Kapil bhai.

Aapki awaz.. Divykirti sir ki tarha h

VOICE IS NOT LISTENABLE

Wow, it's wonderful explanation sir!!

Great explanation sahil ji ,very good work keep it up.

Snd me number sir

Sir could you please provide these types of videos in english or atleast could u please add english subtitles. Please sir

Sir i have a business...my boss doing this type of practice.but it's now disclosed my business is tmt & cement my boss wass preaches invoice third party.....but thard party invoice mentioned all bike number 25 ton loading into bikes 😜😜😜😜 And gst officers catch it 60+ lakh palanty 💸💸💸

Physical scrutiny before registration is must by gst to issue licence. Diwali Maharastra Gujrat Delhi topping evasion. Poor show even after 6 years of implementation

👌

Sir agar chintu imandari rakhe to ye scam pakda nahi jayega na

If government fixes 18% and 28% GST ppl don't earn such profit

Very good teaching style ❤

Very easy to detect such fraud chintus (fake outward billing firms)
Before indulging in any purchase agreement with such chintus you first enquire their GST number
Log in to GST portal enter gstn number of such supplier (chintu) and portal will immediately show the 3B filed returns of Chintu and there u will come to know his default in filling 3B or his return filling is yearly or quarterly or monthly.
Here be clever to opt for those suppliers who are filling return monthly and who's 3B returns are without any default.
Once u are satisfied with the credentials of such supplier, feel free to execute business genuinely or may be fake billing. No body from GST will touch u subject to your purchase bills are for furtherance of your business mentioned in GST registration and meet the quantam of your supply.
Narrator of the video has omitted in sharing this important information with you.
FROM A SIMPLE GST REGISTERED INDIVIDUAL PERSON, DELHI

Comment section main maha gyani logo ki raay sun leta hu 😂

Zabardast Fanstastic video
I am in CA final and I am amazed with such kind of fantastic video made by you on this topic

I don't understand one thing,

Even if chintu is really providing services then for the original services if received online he will need to pay gst over the original payments whether he gives bill or not, and when he sells bill to DJ he's against accepted 10lakh he will pay gst again for a different transaction, so how did he not pay gst 2 times, i think I'm missing something

And in case of cash payment he can simply not show transaction to govt if he's not giving a bill why to invite unnecessary GST,

Please someone solve this query I'm drowning in confusion

That consideration also he has to provide compensation for the servicemen and other consumables (OH's and Variables), so he won't make full profit from the consumer.

Very nice n informative video we get to learn many things sometimes unkownly we become victims in this chain just being a customer...thanks keep up the good work...

Sir, ik this was a general explanation but security services, specifically, fall under RCM, and hence GST will be actually paid by DJ Bobby and he will transfer only consideration to Chintu through banks. Since, DJ bobby himself will have to pay GST to Govt in order to claim ITC, the point of the whole scam will be defeated.

Please, clarify

Once my ITC was stopped for 1 year due to fraud done by 3rd level supplier has done some gst scam. My supplier and i were clean because we both paid gst. But it took 1 year to prove it after regularly complaining to GSt department.

Aap pass story telling se God gifted hai, bahut maza aata hai apki video sunne me

🙏🙏🙏

Is there any risk for Accountant If he works in such firms

What in case of goods sales.

Bot jabri bajai

2017 se GST he per GST implement hone s pahle bogus bill trading hui ho, ko kese find out kare ?

i hate taxation subject but his way of explaning and the cases he picks are really very interesting

Chintu proved this paheli wrong:-
Hum to doobenge Sanam tumhe bhi le doobenge.

hello sahil
im Ajay i want to file an complaint ,dont know how to go ahed coud you help ....

Sir mooksh ki prapti hogyi aapki vid dekhke ❤

Sir you have explained the GST scam very nicely and I learnt the best example of GST scam.. You are a legend in commerce teaching..👏👏

Bro i doubt ur CA

Sir, maja nahi aya. Yadi first party GST 3B mai bhi deposit kar deti hai aur second party to bill issue kar dati hai. Second party dono benefits enjoy karti hai is case mai government kya karige?

thanks for this knowledge able vedio. This type of imformation was already in my knowledge. I want to know if chintu also get deposit amount of GST in 3B and DJ Party enjoyed all the benifits of ITR and input credit. In this case how government will trace it?

I M In 12th Commerce But I don't know why My Mind Attract your Video's 🙂

Working in gst department since 1.5 yrs but believe me Sir I understood this concept of ITC scam only by watching your video. All my concepts got brushed up now

Sir gst ki side par login karke search taxpayer me jakar show return filling me dekh sakte hai ki usne apni 3b file ki hai ya nhi

Wah sir Sach me ye dekh ke Bheja fry ho gaya....................Thanks for ur Valuable Scam story

Very Helpful Knowledge👍

What chintu is paying back in cash to DJ what about that transaction?can that not be traced by IT deptt.?

Sir how to file GST pe ek proper practice video banaiye please.... it's help lots of people.

Please make video

U are great sir...

Sir what if chintu legally pays gst amount no one in gst department can sue him, he can still earn huge amount of black money on the basis of only commission

chintu should have collected this amount from boby which is his 1L(commision) + 1.5L (only the GST output bill which he issue to boby), then after filling gstr 1 later on chintu can pay the tax amount also but in this case boby's profit will decrease to half from 3L to 1.5L but still its his benefit and its much harder to detect. major loss is for chitu because he now has larger gst output and a larger income tax payable amount 😂😂 bill trading karlo haramiyon

bhai itna dimaag lagane se acha tax bhar do nn please