Overview on Intricacies in Zero Rated Supply Including SEZ Transactions by CA Bimal Jain Kindly like, share, and subscribe to our UA-cam channel in order for us to provide you with greatly enriched content for your better ease of understanding and simplicity's sake.
Sir I have a Question Supplier is GTA (covered under RCM) and Recipient is registered as SEZ unit. While filing GSTR-1, the supplier is not able to show the sale to the recipient under RCM since the RCM check box available while adding b2b invoice is disabled when we type recipient gstn (Since it is SEZ unit). My question is that as per RCM notification service by GTA is covered under RCM but while filing return it is not allowing to show sale as RCM why?
New Provison of TCS , of Income Tax, Section 206C (1H) will be applicable , when DTA Supply to SEZ (since in Section 206C(1H) , exemption is given for Export of Goods)
Answer to question at 15th minute: I will choose with payment of tax if I have less profit margin or less profit ratio. Thus, I will use most of my ITC and pay small amount from my pocket and will get full refund. But if my profit ratio is very high then it may be possible i dont have enough ITC to pay it so I will have to pay by cash. So that much cash will be blocked . So I will go without payment option.
Sir I wanna ask one question from ITC pls can i ask?? Limit for taking itc credit begin from the date when bill is received for from the date when we became eligible to take ITC i.e,., it may be possible that bill received in march 2019 while goods received in April 2019 then ITC will be available till 20 th Oct 2019 or Oct 2020??
Overview on Intricacies in Zero Rated Supply Including SEZ Transactions by CA Bimal Jain
Kindly like, share, and subscribe to our UA-cam channel in order for us to provide you with greatly enriched content for your better ease of understanding and simplicity's sake.
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Sir I have a Question
Supplier is GTA (covered under RCM) and Recipient is registered as SEZ unit.
While filing GSTR-1, the supplier is not able to show the sale to the recipient under RCM since the RCM check box available while adding b2b invoice is disabled when we type recipient gstn (Since it is SEZ unit).
My question is that as per RCM notification service by GTA is covered under RCM but while filing return it is not allowing to show sale as RCM why?
Yes sir
New Provison of TCS , of Income Tax, Section 206C (1H) will be applicable , when DTA Supply to SEZ (since in Section 206C(1H) , exemption is given for Export of Goods)
Answer to question at 15th minute: I will choose with payment of tax if I have less profit margin or less profit ratio. Thus, I will use most of my ITC and pay small amount from my pocket and will get full refund. But if my profit ratio is very high then it may be possible i dont have enough ITC to pay it so I will have to pay by cash. So that much cash will be blocked . So I will go without payment option.
Another gem from our mentor. Thank you sir...
Very crystal clear deliberation upon the subject. Very wonderful, amazing and God Gift.
Yes it is export of service
Sir I am watching your webinar. The gst is very well explained
Sir I wanna ask one question from ITC pls can i ask??
Limit for taking itc credit begin from the date when bill is received for from the date when we became eligible to take ITC i.e,., it may be possible that bill received in march 2019 while goods received in April 2019 then ITC will be available till 20 th Oct 2019 or Oct 2020??
No doubt from date of invoice.
With payment of igst
No rcm sir as receipient is not in India
Ok got it
Rcm is applicable igst
Yes igst is leviable
Yes
Without IGST
Very true sir
Thank you sir for your continiouse guidance by your various vedios help us to understand complicated Law GST
It is leviable
No sir
No
Without payment
GST leviable
Sir I had send you a mail on a2z mail id please reply sir
With payment
Yes
No
Yes