Sir, 1.Rcm input നമുക്ക് same month claim cheyyam കഴിയുമോ 2.fright ചാർജിന് Rcm വേണോ 3.ഒരു manufacturing unit machine parts വാങ്ങിയാൽ Rcm വേണോ (അതിനു limit എന്തെങ്കിലുമുണ്ടോ) 4)Rcm tax 0% Aanenkil 3B yil kanikkano Sir next വീഡിയോയിൽ ഇതും കൂടി ഉൾപ്പെടുത്തും എന്ന് വിചാരിക്കുന്നു Waiting for next part
Hi Vishnu...2nd part already taken.. 1) See next video.. 2)Services by way of transportation of goods are exempted: (a) by road except the services of: ---------------------------------------------------------------------------------------------------------------------------------------------------- (i) a goods transportation agency;{GTA) (ii) a courier agency.. ----------------------------------------------------------------- If a GTA provides the services to the certain businesses, recipient of services is required to pay GST under reverse charge. -------------------------------------------------------- The following businesses (recipient of services) is required to pay GST under reverse charge:- 1}Factory registered under the Factories Act,1948; 2)A society registered under the Societies Registration Act, 1860 or under any other law 3)A co-operative society established under any law; 4)A GST registered person 5)A body corporate established by or under any law; or 6)A partnership firm whether registered or not (including AOP) 7)Casual taxable person. ------------------------------------------------------------------------------------------------------------- Question :3.ഒരു manufacturing unit machine parts വാങ്ങിയാൽ Rcm വേണോ (അതിനു limit എന്തെങ്കിലുമുണ്ടോ) Purchased from unregistered dealer ? ----------------------------------------------------------------------- 4)Rcm tax 0% Aanenkil 3B yil kanikkano? In my opinion, its better show in GSTR-3B.
There is two school of thought By experts: 1) Can claim in the same month with the support of self invoice and tax paid in cash. 2) Its better to take in in next month. after payment of tax and filing. No chance of litigation in future.
Sir our registered business purchase timber from unregistered dealer. Which documents required for transportation of these goods from the place of unregistered dealers. IIs it comes under RCM
Sir, As per notification 8/2017 (Rate), RCM while purchasing goods & services by a registered person from an unregistered person was suspended for the period 13/10/17 to 30/09/19. After that there is no clear clarification about the subject matter. If it is only for the mentioned period every registered person who purchased items from unregistered persons will be under RCM. In this scenario no one will purchase any items from an unregistered person, but the Govt is also giving exemption to small traders to not register under GST if their turnover does not exceed the prescribed limit. What is the current position in this subject matter?
Hi Sam ji, Over all how many notifications, and circular came in GST till this date...No body know...But trying to update maximum...Reading recent updated information from our Gurus.. Every time , in touch with GST experts(around 9,people)Confirming, every thing...every time...NO OTHER WAY...these small information ..are sharing through this channel... The situation is demanding..every small business is also need to take registration (Threshold is there)
A Goods Transport Agent (GTA) has following Three Options or we may say 3 situations : -------------------------------------------------------------------------------------------------------------------------------------------- 1. Providing Services to Specified Category Recipient - Recipient to pay GST ON RCM@5% and can take ITC as per Notification No. 13/2017- Central Tax (Rate) Dt : 28.06.2017 2. Services to other than Specified Category Recipient - Forward Charge @5% without ITC - NO RCM...GTA will discharge gst @5% (Rate of GST as per Notification No. 11/2017-Central Tax (Rate) Dt : 28th June, 2017) 3. Forward Charging with ITC Availment - Forward Charge @12% availing ITC - NO RCM, GTA will pay 12% and claim ITC. Notification No. 20/2017 - Central Tax (Rate) dated 22ndAugust, 2017 ------------------------------------------------------------------------------------------------------------------------------------------------------------------ NO RCM, YOUR query is related with 2 situation( I think , you got an invoice from GTA with 5% gst/under forward charge). You can also take an expert opinion.
Hi Ebin, Earlier, Purchases upto Rs. 5,000 per day from unregistered suppliers did not attract GST. This requirement has been cancelled from 1st Feb 2019 onwards.
Hi...yes upto Rs.5000/-.. The government has given an exemption of Rs. 5,000 per day. Therefore if a total purchase of less than Rs. 5,000 is made in one day from unregistered person then there is no requirement to pay tax on RCM. This limit is total of Rs. 5,000 from all suppliers and not per supplier. Notification No. 8/2017 Central Tax (Rate).
The way you delivering the subject to audience is “outstanding”. A Genuine Teacher, Thank you sir.
Thank you sam...
Thank u sir. 👍. Can u tell self invoici date for RCM
Can u give ur phone number to clear doubts related to this.
Hats off to your hardwork sir..🙏
Thank you Harshal...
Nice presentation, its easy to understand, Thankyou Sir
Thank you Dhwani...kindly watch and share..
Good presentation thank you sir for spend your valuable time for us
Thank you Mkkh...
ഗുഡ് ഇൻഫർമേഷൻസ് sir
Thank you...
Very usefull. Can u a deep class of ecommerce operator
Hi Navas Bhai...noted...will do later, after a deep study...
Thank you sir very good information
Thank you Abhinand ...
Thnak you Abhinand...
Simple Class. Well Done 👍
Thank you Jayaprakash ji...
നല്ല ക്ലാസ്സ് സർ. ITC in fixed assets purchase class cheythinundo
Sir,
I think “CBEC” is no more existing. In GST era CBEC has been renamed as CBIC( central board of indirect taxes and customs). Pls. refer to it.
both are same ..
Clear.... 👍
THANKS VIJAYAN JI...
Well explained
Thank you sandeep....
Thank you ❤❤❤❤❤ so much sir
Thank you Sree lal,,,,,
Thanku Sir
Thank you glady...
Good cls sir..
Have you uploaded part 2?
Hi Murshid...already uploaded...you can check play list...
Thank you Sir..
Thank you santhosh...
Good work 🔥
Very good teaching 🙏
Thanks...
Sir,
1.Rcm input നമുക്ക് same month claim cheyyam കഴിയുമോ
2.fright ചാർജിന് Rcm വേണോ
3.ഒരു manufacturing unit machine parts വാങ്ങിയാൽ Rcm വേണോ
(അതിനു limit എന്തെങ്കിലുമുണ്ടോ)
4)Rcm tax 0% Aanenkil 3B yil kanikkano
Sir next വീഡിയോയിൽ ഇതും കൂടി ഉൾപ്പെടുത്തും എന്ന് വിചാരിക്കുന്നു
Waiting for next part
Hi Vishnu...2nd part already taken..
1) See next video..
2)Services by way of transportation of goods are exempted: (a) by road except the services of:
----------------------------------------------------------------------------------------------------------------------------------------------------
(i) a goods transportation agency;{GTA)
(ii) a courier agency..
-----------------------------------------------------------------
If a GTA provides the services to the certain businesses, recipient of services is required to pay GST under reverse charge.
--------------------------------------------------------
The following businesses (recipient of services) is required to pay GST under reverse charge:-
1}Factory registered under the Factories Act,1948;
2)A society registered under the Societies Registration Act, 1860 or under any other law
3)A co-operative society established under any law;
4)A GST registered person
5)A body corporate established by or under any law; or
6)A partnership firm whether registered or not (including AOP)
7)Casual taxable person.
-------------------------------------------------------------------------------------------------------------
Question :3.ഒരു manufacturing unit machine parts വാങ്ങിയാൽ Rcm വേണോ
(അതിനു limit എന്തെങ്കിലുമുണ്ടോ)
Purchased from unregistered dealer ?
-----------------------------------------------------------------------
4)Rcm tax 0% Aanenkil 3B yil kanikkano?
In my opinion, its better show in GSTR-3B.
Thanks for detailed response
How can you posible to response all comments with detailed.i appreciate your efforts
Thank u sir
Thank you SK creations...
Can claims ITC same same month, shown output and input same month?
There is two school of thought By experts:
1) Can claim in the same month with the support of self invoice and tax paid in cash.
2) Its better to take in in next month. after payment of tax and filing. No chance of litigation in future.
Please send the notes
Sir our registered business purchase timber from unregistered dealer. Which documents required for transportation of these goods from the place of unregistered dealers. IIs it comes under RCM
Sir, As per notification 8/2017 (Rate), RCM while purchasing goods & services by a registered person from an unregistered person was suspended for the period 13/10/17 to 30/09/19. After that there is no clear clarification about the subject matter. If it is only for the mentioned period every registered person who purchased items from unregistered persons will be under RCM. In this scenario no one will purchase any items from an unregistered person, but the Govt is also giving exemption to small traders to not register under GST if their turnover does not exceed the prescribed limit. What is the current position in this subject matter?
Hi Sam ji, Over all how many notifications, and circular came in GST till this date...No body know...But trying to update maximum...Reading recent updated information from our Gurus.. Every time , in touch with GST experts(around 9,people)Confirming, every thing...every time...NO OTHER WAY...these small information ..are sharing through this channel...
The situation is demanding..every small business is also need to take registration (Threshold is there)
Sir, if any registered GTA, raised invoice @5% GST to customer then any reverse charge is required? Can we avail that ITC?
A Goods Transport Agent (GTA) has following Three Options or we may say 3 situations :
--------------------------------------------------------------------------------------------------------------------------------------------
1. Providing Services to Specified Category Recipient - Recipient to pay GST ON RCM@5% and can take ITC as per Notification No. 13/2017- Central Tax (Rate) Dt : 28.06.2017
2. Services to other than Specified Category Recipient - Forward Charge @5% without ITC - NO RCM...GTA will discharge gst @5% (Rate of GST as per Notification No. 11/2017-Central Tax (Rate) Dt : 28th June, 2017)
3. Forward Charging with ITC Availment - Forward Charge @12% availing ITC - NO RCM, GTA will pay 12% and claim ITC. Notification No. 20/2017 - Central Tax (Rate) dated 22ndAugust, 2017
------------------------------------------------------------------------------------------------------------------------------------------------------------------
NO RCM, YOUR query is related with 2 situation( I think , you got an invoice from GTA with 5% gst/under forward charge). You can also take an expert opinion.
Forward charge ൽ unregistered പാർട്ടിക്ക് interstate sales നടത്തുന്നതിൽ തെറ്റുണ്ടോ
Hi Salim, In forward charge, unregistered party cannot do interstate sale. They can do only , intrastate sales.
E-commerce ലുടെ സാധനങ്ങൾ വിൽക്കുമ്പോൾ വിൽക്കുന്ന ആൾ രജിസ്ട്രേഷൻ എടുക്കണോ? അങ്ങനെ എടുത്താൽ എന്തെങ്കിലും പ്രശ്നമുണ്ടോ?
Hi Raju., I understood, need GST Registration. No problem, if you are already registered. You can take a second opinion..Thanks
Sir rcm engine tallyil enter cheyyum.ithinte entry engine aanu
Hi Swathy,
RCM journal entries...
---------------------------------------
Professional fee A/C(Your RCM exp) Dr. 1,00,000/-
Input Tax RCM CGST -Dr. 9000/
Input Tax RCM- SGST - Dr. 9000/-
To Output Tax - RCM-CGST - 9000/-
To Output tax - RCM- SGST - 9000/-
To TDS on professional fee 10000/-
To Varma & Co. 90000
----------------------------------------------------------------------------------
Output Tax - RCM - CGST - Dr. 9000/-
OutputTax - RCM - SGST - Dr 9000/-
To Electronic Cash ledger-CGST 9000/-
To Electronic cash ledger SGST 9000/
(For RCM output payment through cash ledger)
-------------------------------------------------------------------------------
Electronic credit ledger CGST ---DR 9000/-
Electronic credit ledger SGST ----DR 9000/-
To Input Tax RCM CGST - 9000/
Input Tax RCM- SGST - 9000/-
(For transfering ITC RCM to Elec. credit ledger) For claiming
-----------------------------------------------------------------------------------------------
Note: ITC RCM is eligible and can claim only after payment of tax .
----------------------------------------------------------------------------------------------------------------
Notes not cleared
Hi sir
Old gold rcm il varumo
Sir
ITC എങ്ങെനയാണ് claim ചെയ്യുന്നതു്
ITC claiming..video already done...
If we claime ITC , what is the benefits of govt?
No benefit to Govt...If we are claiming ITC, benefit to us...
Sir i have mailed you a query ..please reply sir..
Hi Rahul...t will check...
I send, reply, please check..
@@SUNILSSMARTFINANCEMANAGER ok
limit 5000 one day ozhivakkiyo
ഒരു ദിവസം 5000 രൂപയ്ക്ക് താഴെ Unregistered dealer ൽ നിന്നും ഒരു Registered dealer Purchase ചെയ്താൽ RCM ബാധകമല്ലല്ലോ. അപ്പോൾ ആ Bill ഇൽ GST ഉൾപ്പെടുമോ?
Hi Ebin, Earlier, Purchases upto Rs. 5,000 per day from unregistered suppliers did not attract GST. This requirement has been cancelled from 1st Feb 2019 onwards.
3ബിയിൽ unregistered dealer purchase എവിടെ യാണ് കാണിക്കേണ്ടത്
rcm anno ?
Unregistered person nu exempted goods interstate sales ചെയ്യാമോ. Sir plz reply
Hi...in my opinion..For doing out of state sale..gst registration needed...kindly confirm with you gst consultant...
Tku sir
Purchase from unregistered person exact value Rs.5000, the rcm is applicable? (Ippo illenu ariyam initial stage undayappol ullatineya u chodichatu)
Hi...yes upto Rs.5000/-.. The government has given an exemption of Rs. 5,000 per day. Therefore if a total purchase of less than Rs. 5,000 is made in one day from unregistered person then there is no requirement to pay tax on RCM. This limit is total of Rs. 5,000 from all suppliers and not per supplier. Notification No. 8/2017 Central Tax (Rate).
Number onnu tharamo
sunilpattuvakkaran@yahoo.com
Thanks a lot dear Sir
Thank you Mujeeb...
Thank you so much sir
Thank you Godson...