GST Reverse Charge - Invoice and Accounting Entries (in hindi)- Explained by Shaifaly Girdharwal
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- Опубліковано 6 жов 2024
- This video explains the concepts of reverse charge and how to prepare invoice and do accounting entries for reverse charge in GST.
Watch this video if you're looking for...
GST Reverse Charge
GST Reverse Charge Accounting Entries
GST Reverse Charge Invoice
Purchase from URD
What is Reverse Charge in GST
Purchase from URD Accounting Entries
Invoice for Purchase from URD
GST Reverse Charge Entries
GST Entries
Reverse Charge Adjustment
Reverse Charge on Purchase
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DISCLAIMER ********
This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.
Thank you.I am understanding GST provisions through your video s.Vids are easiest way to grasp GST
Shaifaly Girdharwal..JI,.. EXCELLENT JOB ,, THANKS VERY GOOD INFORMATION
you are awesome...you always pick up those topics for which there is no answer on the internet..Thank you
Thank you Nikhil ji
please send me all invoices fomat as you shown in this video to email CHOPRAJINESH@GMAIL.COM
REPLY
ConsultEase please send the invoice to my mail id-etax.dsc@hotmail.com
dear mam your all video is very helpful for understanding GST. thank you soo much.
Thank u so much
I am your big fan after listen your all GST videos.
I subscribed your chennal and see all videos and learn so much about GST.
thanks,
Jai shri Krishna
Good Explained. Especially below ₹5000 transaction's entry. Thank you.
your explanation is so beautiful just like you.
great teaching method
Beautiful explained. Thank you
YOU ARE GODDESS OF ACCOUNTS MADAM
given good point about itc
Nicely explained. Thank you
thanks madam for important information
very good described.
Thanx u so much doing good job mam
nice explanation
...thank you
great going shaifaly.
Mam you r awsm in GST
Thanks for Vedio Mam
amazing and outstanding video madam
first of all let me thank you for all the videos uploaded by you. this info is really helpful.
We need some info to understand how we shall take input of an invoice if a registered dealer has raised invoice on our Company addres and name but out GSTIN is not mentioned.
Good 1 ..
thanks, to make a video for tax accounting
You r great
THANK YOU MADAM
Thankyou Mam
Thank you medam
Thanks for the information on reverse charge invoices...... Now question is whether I have to pay tax immediately or can be adjusted for input credit
wow....awesome
very good
MADAM
all though this video is very good and having delivered a good tone of knowledge. Thanks for your efforts.
Please let me know the fate of the closing stock as on 30-06-2017 which was purchased from the Registered dealers after paying vat but VAT paid on such purchases are fully used under VAT Act i.e. having NIL ITC on 30-06-2017. Whether I have to pay any sort of TAX including RCM on such stock in case if I opt for composition scheme.
Hoping to have a sure response from side.
Thanks in advance.
U r doing wonderful job Madam. Madam is RCM applicable on local travelling expenses incurred by the employee on behalf of employer. Also is RCM applicable on other reimbursement of various expenses incurred by the employee such as lodging & fooding expenses. If yes then what shall be the GST rate. Pls help
very nice video. thanks a lot mem
Thanks Raaj
Nice mam...
thank you, madam
mam rcm will be mentioned in GSTR 1 return only and on 11 th of the month same will be auto populated in ur GSTR 2A return
In GSTR 3B, there is point no. 3.1) tax on outward and reverse charge inward supplies in which point no. 3 where we put figures of inward supplies (liable to reverse charge). My query is where to enter details relating to inward supplies liable to reverse in GSTR 1 form.
Mam thank u very much for the work u r doing for us, but my problem is that there are many question regarding gst which can be discussed mutually, so could i get an appointment of urs so that i can discuss my problem
Thanks
under RCM INVOICE MADE , जुलाई महीने के बिल के टैक्स का भुगतान अगस्त महीने में किया गया ऐसी स्थिति में टैक्स का क्रेडिट जुलाई में लिया जायेगा या अगस्त में
Pls also upload one video for sale returns under GST
Hi madam. Please update about the consolidate invoice
one question Mam RCM payment liability Input credit ke through pay kar sakte hai ya phir cash payment karna hai?
अगर 9 (4) के regarding urd purchase 5000 से कम है (july - september) cases में, या फिर जैसे की अभी rcm suspended है, अर्थात रिवर्स चार्ज attract नहीं हो रहा है, ऐसे में क्या rcm invoice और उसके regarding पेमेंट voucher issue करना होगा?
Hello good Noon mam ,Mam purchases from URD is more than 5000
And the suppilers makes supply in minor amount so basically the number of suppilers are more than 50 in day then shall i make a seperate invoice for all supplies or purcahses Please let me know ..
whether loading unloading charges paid to the labours after purchase chillies from the farmers kindly explain
Will rcm applicable on purchase of oilseed from agriculturist.
Mam thanks for your all video your video realy help alot.
If seller 1 sell to seller 2 and then seller 2 sell to end customers and all three are unregistered then is there any tax applicable if purchase and sell is inter state or intra state.
And what about the bill to customers.
Thanks
Please reply
Mam now when govt has announced to withdraw RCM till March 2018 where should we post
purchase from URD above Rs.5000 in Sept.GSTR3B?
will Portal allow to File GSTR 3B of Sept. without paying RCM?
Ma'am, what about goods not listed in RCM, ,for example:: I buy fly ash from unregistered dealer? Does it attracts RCM ? If yes can we claim it itc?
nice video. i have an request can you online describe MSOD & FFR Reports through videos ? if it is possible for you than please make the session on these two topics.
Mam we are exporter and do we need to pay RCM on transportation for carrying goods to port for export?? what is the percent of RCM we need to pay on this case???
Can you please help me in understanding who will be issuing credit note in case of unregistered supplier where we are preparing invoices
When I will make advance payment to Unregistered Vendor ,should I receive Receipt voucher from Unregistered vendor or Issue Payment voucher?
Hi Shaifali Ma'am,
first thanks for the GST solutions provided by you, kindly clear 1 query of mine
I am a registered dealer and take transport service from non GTA (public carrier) for transport own goods and pays 10000 apprx them as freight. kindly guide accounts entry as well as RCM charges on it.
Hello Maam, We are haryana based registered dealer & we have taken transport service from delhi to haryana for rs. 5000/-. my question is whether i should raise self invoice under reverse charge? if yes, what type of liability should we generate in self invoice either igst or cgst+hgst. pls. explain.
Thanks for explaining the provisions lucidly. But the problem in our case is that we have 21 field offices but one GST No. The daily limit is calculated by collecting detail from all offices. How to issue invoice in such case when the per day limit exceed RS 5000 and it comprises of multiple transaction from different field offices? Kindly guide us.
kindly suggest entry for gst on advance payment receipt
Mem if we purchase from composition dealers. There is any need to pay tax under reverse charge mechanism and if we pay such tax we can avail input credit
Madam we can made debit note as a invoice and can show in GST 1
Is Rs.5000/- limit for expenses from unregistered suppliers is Registration wise or PAN number wise. Suppose a person has 5 GST registration under a same PAN for 5 different business; so shall Rs.5000/- limit be for each registration i.e. total limit becomes Rs.25000/- or it shall be Rs.5000/- for all 5 GST registration in aggregate.
If i paid GST under RCM of July month on 10.08.17, then am i eligible to take credit in July or August month's GST Return?
There is one live question on the ITC of reverse charge..
Kindly clarify ITC of reverse charge will available in the same month i.e. payment of RCM of July month will be available for ITC in the month of July.
or
payment of RCM of July month will be available for ITC in the month of August.
hello, madam
you expalination is very good.thank you.I have a doubt madam.
I am a cement products manfacturer.I am purchasing raw materials like cement stone and sand for production.when I am purchasing I pay taxes for this.can you explain me how is my calculating proceedure.
whether dry chillies purchased from farmers comes under Reverse charge
Whether gst practicener has to file gst return whose receipt is below 20L.
Hi
I am a GST registered scrap delaer. I purchase scrap from unregistered suppliers and supply in bulk to GST registered entities.
How and when do I need to pay GST?
I have RCM purchase goods in the month of July. Now in August I am filing return 3B. Should I take credit of RCM paid in 3B return of July or Aug? As I am paying tax of july in Aug so some says in RCM ITC will be available in Aug only. And I have filed return by taking credit in July month itself. Please clarify.
Thanks mam :)
Thanks
madam plz tell us... where the tax invoice is being issued by the recipient in case of reverse charge than who will sign such tax invoice as Authorized signatory, supplier or recipient of supply.
Mam , if the supplies
From different urd is under 5000/- then are invoices are to be required to issue?
How to file details of RCM. I feel it should be reported in GSTR1 as it is my liability. GSTR1 do not allow same biller and customer.
What about limit of 5000 is it also available for GTA.?
thanx for improve the knowledge
Mam July month ke URD reverse charge ka payment Maine 20 Aug ko Kiya Tha iska credit July return me claim krege ya August me
Dear sir, thanx for nice video. Sir if the seller GST Reg date is 3-8-17. but he has already raised bill against the 26-7-17. In this case, when we could add this type of bills in GSTR2.
please guide if the exemption limit of rs. 5000 under rcm is available to the tax payer if he is registered under composite scheme?.
shefali Ji,
I am kiran from swastik Gujarat, we manufacture machineries.
we have URD purchase of material and URD purchase of services. (services like labour charges , chemical test of matrerial, tempo carting for goods) do we have to work out the RCM for all this services and make invoice for this and make payment vouchers for this.
so far Material Purchase under URD it is OK
but for URD services not clear.
Dear Ma'am,
Thank you so much for guidance.
Please let me know if i have purchase domain name and hosting from outside india party and i have received the Invoice in dollars without any GST and the invoice amount is more then 5000,
In above case should i pay gst under reverse charge.
Dear mam,
I have provided a tour package to my client but the taxi provider and the hotel both have not provided me their GST number. So considering them unregistered I have submitted GSTR 3b with 5% tax on total amount of my tour package. Purchase from each one of them is around 15000/- payment done in single day.
1- Now while filing GSTR 1 what precautions I should take?
2- I guess I have to show my purchases in GSTR 2/2A? Do I need to show these purchases under reverse charge mechanism for URD & claim the input tax credit?
3- Both of them (Hotel and taxi provider) have charged me a lumpsum amount. Do i need to break up the amount and pay tax accordingly 18% for hotel and 5% for taxi, or I should pay 18% for hotel on the total amount charged and 5% for taxi on the total amount charged?
Rcm paid on gta services credit is available or not ?
i have a question that if a registered dealer from maharashtra purchased goods from suppose delhi, and the delhi dealer is an unregistered dealer then how it is going to be shown in 4B of GSTR-2, in this case whether we have to select pos as maharashtra and supply type as inter-state
Thanks for information's
Please inform sec 9 (3), or (4) cgst and sgst is flat 9% + 9% or its apply on different rates of gst receive of service or goods or both of its likes 2.5% + 2.5%, 6%+ 6%, 9%+9%, 14%+14% please clear my doubts .
Warm regards
Arshad
PLEASE EXPLAIN TO CONVERT FCM BY GTA, IS ANY PERMISSION REQUIRED FROM GSTIN AND WHAT FORM APPLICABLE
if I purchase exempt and taxable goods both and pay freight on both goods then Can I get tax paid credit for both goods exempt and taxable as reverse charge mechanism. please reply soon
Hello mam.labour/loading/unloading per kitna service charge hai ??.freight of kiryana item jo ki multipal tax rate ki Hain pe kitna service charge lagege . Please tell me.
whats is the rate on reverse larges.....? for various Payaments.
In case of RCM purchase , how to get the e way bill? Pls explain...
is there any specific requirement for payment voucher?
If u can help me with the requirement of various doc under GST such as Invoice,voucher,CN,DN,BOS
kindly explain payment voucher as mentioned by you under reverse charge
Hello ma'am, can you please tell me , GST RCM Invoice, which is self generated Invoice on the behalf of vendor, Can I show the Invoice serious in GSTR1 Document, Is this correct?
Mam i hv query related rcm input claim how possible in same month
What is the entries of rcm when credit is not admisable in case of freight
We r doing manual bill and there r mistake often takes place in allocation of old tax rate instead of new and we had to cancel the bill and create a bill for the party. Is there any problem in cancellation of bills in B to B. If so, kindly send me a solution.
what is impact on my tax liability if i make inerstate purchase from unregistered delaer.
Sir
If Coolies or hamiles is paid below rs 5000 per day and aggregate over rs 5000 per month, rcm is payable or not ?
my transporter is not registered but giving us simple bill , we need to generate self invoice?
My outward taxable supply is 177600 do I need to mention HSN code and quantity of products in gstr1
Medam aap composition return kese fill krte h btaaye g
5000 limit exp par hai ya fir purchase par bhi hai
Please share the sample of invoice u have explained in this video