GST RCM JOURNAL ENTRY | ജേർണൽ എൻട്രി തെറ്റ് കൂടാതെ എങ്ങിനെ പാസ്സ് ചെയ്യാം | MALAYALAM | VIDEO

GST RCM JOURNAL ENTRY # ജേർണൽ എൻട്രി തെറ്റ് കൂടാതെ എങ്ങിനെ പാസ്സ് ചെയ്യാം # MALAYALAM # GST MALAYAM VIDEO #RCM MALAYALAM # GST RCM # UA-cam # RCM JOURNAL ENTRY # REVERSE CHARGE MECHANISM # RCM ACCOUNTING # GST ACCOUNTING MALAYALAM # RCM IN GST # CMA #CA # B.COM # ACCOUNTANT #EXAM #HOW TO PASS RCM JOURNAL # TALLY # PRIME #TOP ACCOUNTING UA-cam CHANNEL # TOP GST ACCOUNTING UA-cam CHANNEL # SUNIL KUMAR PATTUVAKKARAN # SMART FINANCE MANAGER #
In this video, I explains about how to pass GST RCM JOURNAL ENTRY.
Disclaimer: The views presented in this video are in personal and not as a Professional advice. These are only for informational purpose. Users of this information are expected to refer to the relevant existing provisions of the applicable laws. All information in this video , Kindly clarify with your Chartered Accountant. •Neither the presenter nor its affiliates accepts any liabilities for any loss or damage of any kind arising out of any information in this video nor for any actions taken in reliance thereon.

[@nikhilpcnpc456]

സാറിന്റെ ക്ലാസുകൾ എല്ലാം അക്കൗണ്ടിങ് മേഖലയിൽ പ്രവർത്തിക്കുന്നവർക്ക് വളരെ അധികം പ്രയോജനം ചെയ്യുന്നതാണ് 👏👏👏EPF,ESI തുടങ്ങിയ വിഷയങ്ങളെക്കുറിച്ച് അക്കൗണ്ടന്റുമാർ അറിഞ്ഞിരിക്കേണ്ടതും പൊതുവായി അറിഞ്ഞിരിക്കേണ്ടതുമായ കാര്യങ്ങളെക്കുറിച്ചും ഒരു വീഡിയോ ചെയ്യുമോ?

[@SUNILSSMARTFINANCEMANAGER]

Thank you Nikhil...what about ESI and PF..you mean filing?

[@sreelal4833]

സാറിന്റെ വീഡിയോ നല്ല പ്രയോജന൦ ചെയുന്നു. പറഞ്ഞു തരുന്നതിനു നല്ല വൃക്തത

[@SUNILSSMARTFINANCEMANAGER]

Thank you Sreelal, you are from ? are you working?

[@sreelal4833]

Sir ഞാൻ കോഴിക്കോട് ആണ്. ഒരു tax practitioner കൂടെ ജോലി ചെയ്യുന്നു

[@limraj2933]

Sir, very informative & usefull class.
ESI and EPF nte orru section cheyyummo...

[@SUNILSSMARTFINANCEMANAGER]

Thank you Lim..will try later...now busy with serious topics...

[@limraj2933]

Ok sir👍

[@shebinrahiman2849]

Thank you very much sir. I have seen almost of your videos which was very helpful.
I wish to clear the doubts following.
1. RCM Input is a Asset in Nature
2. RCM Output is Liability in Nature.
3. Electronic Cash ledger Nature ?
4. Electronic Credit Ledger Nature?
5. We knock off RCM Input & RCM Output through entries. When will we knock off Electronic Credit ledger?

[@SUNILSSMARTFINANCEMANAGER]

3 and 4 ..Current asset

[@shebinrahiman2849]

@@SUNILSSMARTFINANCEMANAGER Thank you very much

[@madhutdpa6201]

Thank you sir very useful your video.

[@renjithamol5485]

Thanks sir very usefull

[@mp1076]

Electronic credit ledger close chyande

[@skm2112]

Electeonic cash ledger ennal enthanu

[@godsonnantony2165]

Thank you so much sir

[@SUNILSSMARTFINANCEMANAGER]

Thank you Godson...

[@santhoshkallayil8193]

Thank you Sir....

[@SUNILSSMARTFINANCEMANAGER]

Thank you santhosh...

[@gladyfany7064]

Thank u Sir

[@SUNILSSMARTFINANCEMANAGER]

Thank you glady...

[@sijin7621]

In tally, electronic credit and cash ledger comes under current asset and electronic liability ledger comes under current liability. Is this correct sir?

[@SUNILSSMARTFINANCEMANAGER]

Hi Sijin...Either you can show as Elec.cash and credit as a debit balance under duties& taxes and Elec.liability ledger under Credit side of Duties and taxes OR as per above you written. both are right.

[@shereenapn1026]

Sir, sale of transportation service under RCM evide engane aanu entry post cheyyunnath

[@jabbarum3670]

Transport way bill. Rcm. Eveide. Fail. Evede. Chyyanam sir

[@SUNILSSMARTFINANCEMANAGER]

Hi Jabbar...
Rate of GST on Freight Charges :
Exemptions on certain goods where there is no GST rate on freight. The exemption list is indicated below -
1. Transporting salt, milk and food grains which include pulses, flour, rice etc.
2. Transporting agricultural produce
3. Transporting military or defence equipment
4. Transporting organic manure
5. Transporting such magazine or newspaper that is registered with the Registrar of Newspaper
6. Transporting relief materials for survivors of disasters, natural calamities, accidents etc.
7. Transporting such goods where gross amount imposed for transportation of aggregate goods for one consignee is less than Rs.750
8. Transporting such goods where gross amount imposed on consignment transport for single carriage is less than Rs.1500.
-----------------------------------------------------------------------------------------------------------------------------
Example for 8point :Kiran hired a GTA to transport his goods. The consideration charged was Rs. 1,200. Will Kiran pay GST?
Kiran will not pay GST under RCM as the consideration for transportation of goods on a consignment transported in a single carriage is less than Rs. 1,500.
---------------------------------------------------------------------------------------------------------------------------------
Example for 7th point :Vinod hired a GTA to transport goods. The GTA was asked to come 2 days as Vinod would receive the goods in batches. The entire consideration was Rs. 600. Will Vinod pay GST?
Vinod will not pay GST because the consideration charged for transportation of all such goods for a single consignee does not exceed Rs. 750.

[@akhilkv2422]

Sir, freight amount ന്റെ മുകളിൽ വരുന്ന RC M entry പറയുമോ

[@SUNILSSMARTFINANCEMANAGER]

Hi ,
FREIGHT A/c ...Dr. XXXX
Input RCM CGST A/c ....Dr. XXXX
Input RCM SGSTA/c ...Dr. XXXX
To Output RCM CGST A/c Cr. XXXX
To Output RCM SGST A/c Cr. XXXX
To Goods Transport Agency (GTA) A/c Cr. XXXX

[@sreelal4833]

Sir cashews, metal scrap എന്നീ വസ്തുക്കൾ ഒരു unregistered party യുടെ അടുത്ത് നിന്നും ഒരു registered party വാങ്ങുകയാണെകിൽ reverse tax , registered party അടച്ചു കൊടുകണോ. 2018 September മാസം അത് എടുത്തു കളഞ്ഞിരിക്കുന്നു. വീണ്ടും അതു തിരിച്ചു വന്നിട്ടുണ്ടോ sir

[@SUNILSSMARTFINANCEMANAGER]

Hi sreelal, RCM is applicable on Cashew nuts, not shelled or peeled . But metal scrap is not sure, kindly confirm with GST officer or with an Expert CA.

[@sreelal4833]

Thank you so much ❤❤❤❤❤ sir

[@sreejithkg9507]

Thank you so much sir

[@SUNILSSMARTFINANCEMANAGER]

Thank you Sreejith...