Reverse Charge Mechanism of VAT Explained with Example and presentation in UAE VAT Return

Reverse Charge Mechanism Under VAT Explained with Example and how VAT Reverse Charge is presented in VAT Return
#ReverseChargeMechanismUnderVAT
#VATReverseChargeinVATReturn

[@allinasolutions]

Very well explained MashaAllah

[@AccountingandQuickbooks]

Thanks

[@zohair87]

Great video-very informative! Could you clarify if this applies to imports of services as well, or is it only relevant to imports of goods?

[@khanfyze]

thanks for explaining in detail

[@NidhinCMA]

why are you showing 20 aed in box 6? and how is the amt 20 aed vat output?

[@AccountingandQuickbooks]

Dear, its example of the reverse charge mechanism pls watch the complete video to understand

[@NidhinCMA]

@@AccountingandQuickbooksin what scenario we show in box 3 ?

[@AccountingandQuickbooks]

@@NidhinCMA @4:21

[@AccountingandQuickbooks]

@@NidhinCMA dear either box 3 or box 6 -it depends upon FTA manual but it should't be double ( on output side )and as for as inputside is considered box 10 - If you want to understand this concept i will suggest watch this video completely without skiping it will help you understand the concept fully.

[@zahirshaikh1994]

Couldn't understand....20 was paid to custom as VAT then again 25 in VAT return so total 45paid