Category: Miscellaneous

Bhagvad Gita: One who is in knowledge of the Absolute Truth (Text 28, Ch 3, Karma Yoga)

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Tattva-vit tu maha-baho guna -karma-vibhagayoh
guna gunesu vartanta iti matva na sajjate
(Text 28, Ch 3, Karma Yoga)

Meaning: One who is in knowledge of the Absolute Truth, O mighty -armed, does not engage himself in the senses and sense gratification, knowing well the difference between work in devotion and work for fruitive results.

Bhagavad Gita: Supreme is the doer of all activities (Text 27, Ch 3, Karma Yoga)

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Prakrteh kriyamanani gunaih karmani sarvasah
ahankara-vimudhatma kartaham iti manyate
(Text 27, Ch 3, Karma Yoga)

Meaning:  The spirit soul bewildered by the influence of false ego thinks himself  the doer of activities that are in actually carried out by the three modes of material nature.

***Two persons, one in divine consciousness and the other in material consciousness, working on the same level, may appear to be working on the same platform, but there is a wide gulf of difference in their respective positions. The person in material consciousness is convinced by false ego that he is the doer of everything. He does not know that the mechanism of the body is produced by material nature, which works under the supervision of the Supreme Lord.The materialistic person has no knowledge that ultimately he is under the control of divine. The person in false ego takes all credit for doing everything independently, and that is the symptom of his nescience.He does not know that this gross and subtle body is the creation of material nature, under the control of the Supreme and as such his bodily and mental activities should be engaged in the service of divine.

GST FAQs Series 24: Input Tax Credit(ITC) under GST

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Frequently asked questions on Input Tax Credit(ITC) under GST 

Q 1. What is input tax?

Ans. Input tax means the central tax (CGST), State tax (SGST), integrated tax (IGST) or Union territory tax (UTGST) charged on supply of goods or services or both made to a registered person. It also includes tax paid on reverse charge basis and integrated tax goods and services tax charged on import of goods. It does not include tax paid under composition levy.

Q 2. Can GST paid on reverse charge basis be considered as input tax?

Ans. Yes. The definition of input tax includes the tax payable under the reverse charge.

Q 3. Does input tax includes tax (CGST/IGST/SGST) paid on input goods, input services and capital goods?

Ans. Yes, it includes taxes paid on input goods, input services and capital goods. Credit of tax paid on capital goods is permitted to be availed in one instalment.

Q 4. Is credit of all input tax charged on supply of goods or services allowed under GST?

Ans. A registered person is entitled to take credit of input tax charged on supply of goods or services or both to him which are used or intended to be used in the course or furtherance of business, subject to other conditions and restrictions.

Q 5. What are the conditions necessary for obtaining ITC?

Ans. Following four conditions are to be satisfied by the registered taxable person for obtaining ITC:

(a) he is in possession of tax invoice or debit note or such other tax paying documents as may be
prescribed;
(b) he has received the goods or services or both;
(c) the supplier has actually paid the tax charged in respect of the supply to the government; and

(d) he has furnished the return under section 39.


Q 6. Where the goods against an invoice are received  in lots or instalments, how will a registered person be entitled to ITC?

Ans. The registered person shall be entitled to the credit only upon receipt of the last lot or installment.


Q 7. Can a person take input tax credit without payment of consideration for the supply along with tax to the supplier?

Ans. Yes, the recipient can take ITC. But he is required to pay the consideration along with tax within 180 days from the date of issue of invoice. This condition is not applicable where tax is payable on reverse charge basis.

Q 8. What would happen of the ITC taken by the registered person if he has not paid the consideration along with tax within 180 days from the date of issue of invoice?


Ans. The amount of ITC would be added to output tax liability of the person. He would also be required to pay interest. However, he can take ITC again on payment of consideration and tax.

Q 9. Who will get the ITC where goods have been delivered to a person other than taxable person (‘bill to’- ‘ship to ’scenarios)?

Ans. It would be deemed that the registered person has received the goods when the goods have been delivered to a third party on the direction of such taxable person. So ITC will be available to the person on whose order the goods are delivered to third person.

Q 10. What is the time limit for taking ITC and reasons therefor?

Ans. A registered person cannot take ITC in respect of any invoice or debit note for supply of goods or services after the due date for furnishing the return under section 39 for the month of September following the end of financial year to which such invoice/invoice relating to debit note pertains or furnishing of the relevant annual return, whichever is earlier. So, the upper time limit for taking ITC is 20th October of the next FY or the date of filing of annual return whichever is earlier.

The underlying reasoning for this restriction is that no change in return is permitted after September of next FY. If annual return is filed before the month of September, then no change can be made after filing of annual return.



Bhagavad Gita : Engage in activities of divine consciousness

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Na buddhi-bhedam janayed ajnanam karma -sanginam
Josayet sarva-karmani vidvan yuktah samacaran
(Text 26, Ch 3, Karma Yoga)

Meaning: So as not to disrupt the minds of ignorant men attached to the fruitive results of prescribed duties, a learned person should not induce them to stop work. Rather, by working in the spirit of devotion, he should engage them in all sorts of activities  ( for the gradual development of divine consciousness).

Bhagavad Gita: Learned act without attachment

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Saktah karmany avidvamso yatha kurvanti bharata
Kuryad vidvams tathasaktas cikirsur loka-sangraham
(Text 25, Ch 3, Karma Yoga)

Meaning: As the ignorant perform their duties with attachment to results, the learned may similarly act, but without attachment, for the sake of leading people on the right path.

*** A person in divine consciousness and a person not in divine consciousness  are differentiated by different desires. A divine conscious person does not do anything  which is not conducive to development of divine consciousness. He may even act exactly like the ignorant person, who is too much attached to material activities, but one is engaged in such activities for the satisfaction of his sense gratification, whereas the other is engaged for the satisfaction of divine.  Therefore, the divine conscious person is required to show the people how to act and how to engage the results of action for the purpose of divine consciousness.

Bhagavad Gita : Perform prescribed duties (Tex 23, Ch 3, Karma Yoga)

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Yadi hy aham na varteyam jatu karmany atandritah
mama vartmanuvartante manusyah partha sarvasah
(Text 23, Ch 3, Karma Yoga)

Meaning: For if I ever failed to engage in carefully performing prescribed duties, O Partha, certainly all men would follow My path.

*** In order to keep the balance of social tranquillity for progress in spiritual life, there are traditional family usage meant for every civilized man. Although such rules and regulations are for the conditioned souls and not Lord krishna(divine soul), because he descended to establish the principal of religion He followed the prescribed rules.

Bhagavad Gita : Controller of everything (Text 22, Ch 3, Karma Yoga)

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na me parthasti Kartavyam
trisu lokesu kincana
nanavaptam avaptavyam
varta eva ca karmani
(Text 22, Ch 3, Karma Yoga)

Meaning: O son of Prtha, there is no work prescribed for Me within all the three planetary systems. Nor am I in want of anything, nor have I a need to obtain anything-and yet I am engaged in prescribed duties.

*** The Supreme lord is the controller of all other controllers, and he is the greatest of all the diverse planetary leaders. Everyone is under his control. All entities are delegated with particular power only by the Supreme Lord. They are not Supreme themselves. He is also worshipable by all demigods and is the Supreme director of all the directors. Therefore, he is transcendental to all kinds of material leaders and controllers and is worshipable by all. There is no one greater than him and he is the supreme cause of all causes.

Bhagavad Gita : Follow the great man (Self realised Soul) (Text 21, Ch 3, Karma Yoga)

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Yad yad acarati sresthas tat tad evetaro janah
sa yat pramanam kurute lokas tad anuvartate

(Text 21, Ch 3, Karma Yoga)

Meaning: Whatever  action a great man performs, common men follow. And whatever standards he sets by exemplary acts, all the world pursues.

*** One should follow in the footsteps of great devotees, and that is the way of progress on the path of spiritual realization.