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**BCOM / BBA Students**
Welcome to **GST Chapter 10 – ITC & Computation of Tax Liability (Part 1)**.
In this video, we will understand the **computation of GST liability using Input Tax Credit (ITC)** with concepts, rules, set-off provisions, and practical examples in a simple and exam-oriented manner.

This is one of the **most important practical topics** in GST and is frequently asked in university examinations.

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# **Topics Covered in This Lecture**

### **1⃣ Quick Revision of Input Tax Credit (ITC)**

* Meaning of ITC
* Importance of ITC in GST
* Conditions for claiming ITC

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### **2⃣ Computation of Tax Liability**

Meaning of Tax Liability

Output Tax Liability

Input Tax Credit Adjustment

Net GST Payable

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### **3⃣ Utilization of ITC**

* Utilization of CGST Credit
* Utilization of SGST Credit
* Utilization of IGST Credit

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### **4⃣ Order of Set-Off of ITC**

IGST Credit Adjustment

CGST Credit Adjustment

SGST Credit Adjustment

Important GST Rules for Set-Off

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### **5⃣ Practical Examples**

* Computation of GST Liability
* ITC Set-Off Problems
* Exam-Oriented Numerical Illustrations

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### **6⃣ Important Exam Concepts**

Input Tax Credit Utilization

GST Liability Calculation

Common Exam Questions

Practical Adjustments

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# **Who Should Watch This Video?**

BCom Students

BBA Students

GST Learners

Commerce Students preparing for exams

Beginners in GST

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# **Why This Lecture is Important?**

Frequently Asked Practical Topic

Important for Numerical Questions

Helps in GST Return Understanding

Covers ITC Utilization Rules

High Scoring Topic in Exams

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