All you need to know about Reverse Charge Mechanism in GST, RCM in GST| ConsultEase with ClearTax
Вставка
- Опубліковано 5 вер 2024
- In this video, all the provisions related to RCM are covered. Which items are covered in RCM and how to take the input tax credit of the amount paid in RCM. what are the consequences of not paying the RCM? Penalty and interest for non payment of RCM in GST are also covered. RCM kise dena hai kab dena hai. RCM pay na karne pe interest aur penalty.Services covered under RCM, Goods covered under RCM.
Watch this video for ..........
What is RCM, reverse charge in GST?
Who is liable to pay in reverse charge in GST?
How to file a return for a reverse charge in GST?
How to take ITC of RCM in GST?
What is covered in RCM in GST? ...
.......
Fill the form to get ClearTax GST software Free demo and a one-month free trial: clr.tax/reques...
Signup for ConsultEase's free Webinars at www.ConsultEas...
#GST #ConsultEase #ClearTax
For sponsorship and collaboration, please write to us at info@consultease.com
Post any law/taxation/finance related questions here...
www.consultease...
For more important updates and resources, visit www.consultease...
Connect with us on facebook, twitter & linked in, to stay up-to-date
Facebook - / consultease
Twitter - / consultease
LinkedIn - / consultease
DISCLAIMER ********
ConsultEase does not agree or disagree with the views expressed in the video.
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.
Saral hindi bhasa me vistar se samjhane ke liye Bahanji ko dhayabad
Thank you very much...This helped me to understand the concept of RCM and has helped me to get rid of my confusion
Tomorrow I'm having my cma exam Ma'am thank you soo much this video cleared all my doubts ✌️✌️
Your GST releated video's very helpful thank you
Ma'am shall we deposit RCM on reimbursement of taxi charges to employees
Thanks a lot . all videos very easy language and very good communication skills .. thanks
Mam you are just rock ❤
After 40 videos landed ended up here understanding in simple terms ✌️🙏🙏
Mam how i will treat of shortage in Goods in GTA Business, please reply
Thankyou very much very good 👍 clearly explain my all doubts clear..
(1) Regular dealer composition dealer se goods purchase karta hi to Regular dealer ko RCM pay karna hi ya nhi.
(2) Composition dealer composition dear se goods purchase karta hi to Composition dealer ko RCM pay Krna hi ya nhi.
(3) Composition dealer URD se goods purchase karta hi to RCM pay karna hi ya nhi.
(4) Regular dealer URD se goods purchase krta hi to RCM pay karna hi ya nhi. Please me guide mam I shall be highly obliged. Thank you
Hlo Mam!
Please make a video about Calculation of Depreciation as per company act, 2013.
Mam, yr, and, teaching, manner, very, fantastic, so, I, am, to, listen, yr, moral, lesson,
Nice information.Madam pl tell whether fees of architect /doctor/any consultant is covered under GST .
As a consumer should we register to pay tax on tendu leaves ie cigrattes who pays the tax on these
Ma'am ek vedio gst portal se bataye jisme same unregister walo ka mention ho.Thanks
Dear Mam,
Need Understanding of Import of Goods with custom and IGST,
Please make a video on it
Thanks
Thank you so much for your valuable content Helped a lot
Which type of director services are covered under rcm????.....Is director remunetation covered under RCM???
No
In which case rcm is to be paid by recipients even suppliers is registered
Ma'am aapka video bahut hi accha hai
Aap GST adjustment par video banaiye.
Mujhe gst return file karna hai
I am non commerce
It will be useful if you post the link of the notifications in the description
Mam please can you explain margin scheme under gst and where to show it's effects in various returns
Excellent
Still no one clear which you clear
IF GTA is registered and charge 5% GST under Forward Charge. So now is there any purchaser liability to pay tax under RCM or Not. And what about ITC of that bill on which GTA charge GST??
If GTA charging 5% to body corporate then BD don't need to pay 5% tax to GTA instead of BD shall pay tax under RCM..
Labour expense, rcm applicable होगा क्या? Confused, as it is unregistered service
🙏 thanks, helps a lot.
Even my CA couldn't explain me like this.
Great job 👍
Mam roz ek video banaya karo
Ky mtlb tu padhne aya tha
Bahut ache se explain karti hai app
Madam,
IGST paid to Custom department in Mar-20 (as per bill of entry) for Goods Import , But Import material received in factory April 20 , Can input Credit allow in Mar-20 3B ( in March 20 Goods in transit)...plz suggest correct provision regarding IGST paid on import and upload a video about custom duty paid for Import...
No, According to the condition of section 16(2), credit only can be claimed once supply of Goods and services are received no matter I'm which month invoice was issued.
Hope it clarifies..
Yes, input credit can be take on GOODS RECEIPTS DATE.
Mam app with exam ke slide ke sath samzawoge too jayda accha rhega
Madam how to rectify entry in 3b rcm
Hi, kindly suggest us what to pay under rcm when my goods is interstate supply n my transporter is also interstate, whether we havevto pay CGST-SGSR or IGST
Good and helpful info. Madam thank
Ma'am adovacte ke case tax on tax kaise apply hota hai
Whether Input of RCM deposiy which where unknowingly deposited where such inward supply is exempted. For Eg. Import of air freight is exempted but RCM is paid
Maam please make a vedio for import of service, for sez unit or developer
Thanks sifali mam
ma'm people like you , keep me motivated. thank you
if buyer is unregistered person then who will pay and seller also not registered?
Please mam make a video on Gst rate changes on jobwork:)
Good explaination
mam can a transporter rasie the invioce 5% for rcm and 12 % for taking the credit of input purchases, pls reply
Plz describe rcm security services
Mam how will supplier shows his supply in returns under RCM.
If you mean the supplier who has no forward charge liability such as supplier of raw cashew nuts etc (Section 9(3) of CGST Act, then probably he is a farmer (and unregistered), so such as supplier can issue a Bill of Supply (without charging GST) and since he is unregistered, he does not have to file GST returns.
No supplier has both supplies under rcm and fcm
Since he has liability under forward charge mechanism, I assume he is a registered dealer and hence the provisions of section 9(3) do not apply.
Can I show my rcm amount of Rs. 18000 in col.3.1 of GST 3B of June 2020 and claim credit of same amount in col.4 of GSTR 3B of June 2020 . Will it be ok.
Ans mila apko is question ka
yes
Un register vendor par humesha RCM lagega ya iski bhi category hai
when incorporated in 2017 that line i can't understand 4 uske baad ma'am
Thanks maam
Thanks
Madam Rcm ka jo invoice hain usse gstr2b main kaise add karinge
Thanks ma'am 🙏
so does that mean that we can freely buy goods from unregistered suppliers now and there is no need to follow the limit of Rs 5000 in a day from a supplier ... is that right ? i am talking about regular goods like toys and home and kitchen items...
Thank u mam for your valuable information. . .
Thank you
Dear mam,
Thank u so much but, mam plz provides a list of items on pay Rcm or not
Mam, one question
Say maine 3 transporter ki services use kiya ek month me. Unme se 1 registered h. Koi forward charge nahi deta h. Self invoice kitna raise karne h month end me : 2 or 3?
apko har transaction ka invoice raise karna hai
Even I have this doubt. Y we have to raise bill for registered gta if v r giving on reverse charge. They(gta) will raise a bill n upload as reverse charge=yes option while filing , right ?
If any NGO is not registered under GST, and availing services from lawyer. Reverse charge is applicable on such service. In this case what action is required.
RCM is applicable in this case. Will have to take registration
Reverse charge dena kis amount par hain- Transportation amount or goods value?
भाड़े पर
Note: if RCM is not done or not Shown in the GSTR 3B & not Claimed
the Same, the feature Consequences will be that you have to pay the Tax
amount on the RCM when the Assessment is Called & you cannot avail
the input Tax Credit on the RCM because of the Expiration of the filing
Due Date.
RCM in scrap purchased in auction from government agencies. How can I avail itc
Mam please tell how to show self invoicing in gstr3b and 1 ,
Acchey expose karti hai. Thankz mam
Rcm ka video medam apne bahut acche se samjai
very nice explanations , thanks a lot madam.
What will happen if supplier is registered but receiver in unregistered?? So how supplier will cover his input??
Nicr explained forward chrgs & rcm chrgs 👍👍👍
What is the reverse charge % of GST in service of DSA ?
Ma'am jab composition dealer kisi dusre composition dealer se purchase karta hai, toh reverse charge lagta hai yaa nahi
Very beautifully explained..... Mam
Mam accounting entries bhi batayiya app🙏
If i purchase jewlery from unregister person should i have to pay rcm
Mam what Happened if rcm recipient not paid tax means any penalty for them ??
Commission on sales per video banaiye madam plzzzzz
Thnk u Ma'am. This is a very gd message.
Very good information.
Mam a GTA can raise invoice with RCM and with GST 12% in both manner for different receipent of service
Ur every videos very helpful & knowledgeable...
Thank you so much... ma'am 🙏🏻🙏🏻🙏🏻
How to dealt with the ITC shown in the GSTR2B of the supplier supplying the services attracting RCM?
Thanks
It's very useful
IGST imoprt is getting auto populated can I claim in GSTR 3 B or how to claim. Please advise.
Mam, is RCM applicable on labour supply from unregistered person.
Meri sweets ki shop hai,mere pass composition ka no.hai.mey Jo milk purchase karta hu kya us per RCM bharna padey ga ja nahi
Nice vdo - explained in lucid language.
Mam kya maithaoil per unregiter me tax nahi dena hai kya
Thank you so much Madam
Is payment to service provider must be made within six months in case of RCM to avail ITC
Mam I am supplier of manpower security gaurd and registered in gst then how we paid charge gst
Osm explanation mam
What is the max limit in rcm for purchase from unregistered seller
Section reverse no
Mam, Hire vehicle ( Monthly or daily basis ) ke case m nhi reverse charge apply hoga kya...
Can you help me with entries with RCM for advocate fees
मैम, मै फर्नीचर का बिजनेसमेन हू। क्या unregister से लकड़ी खरीदने पर RCM जमा करना पड़ेगा?
Local tempo freight par rcm applicable hai kya
Please reply mam
Tq so much mem thus is very helpfull
Please ma'am send latest notification of section 93 & 94 about RCM under by GST.
Sushil Jadav
1 second ago
RCM In urd purchase how I will show it in Gstr-1. pls help
मैम GTA मे RCM तो लगाते हैं।
मगर सिर्फ एक टक वाले मालिक से सर्विस लेने से भी RCM लगाना होगा क्या?
YES