Nice..using optotax since a year, its a very user friendly software...rajat sir i would request you to enable GSTR-1 report in excel for invoices more than 500 in a month as well..
Sir , is the late fee charged on IGST head? When and why this head used for late fee ? I know that late fee charged on only CGST and SGST head . Please clarify the issues.
Thank you sir for such an informative videos and deliberations. I have two queries in regards of salary paid to directors. 1. If a director is having directorship in more than one company and drawing salary from both companies, tds u/s 192 deducted, then RCM will be applicable? 2. If tds is deducted u/s 94J @10% on salary paid to director who is director in "single company" only then what will be the applicability of RCM ?
Dear Pankaj Ji, For free demo and installation please call us at 7252937938, 8191038422, 8103810350 or E-mail us at info@optotax.com Visit our website for more details: www.optotax.com Thanks, Team Optotax
Sir kindly tell me that when 3 invoices has issued for one work (one work issued for 3 installation of machinery), what is the procedure to pass the bill. Bill is in reference to railway and work has done in also railways. Firm is related to mumbai and work has done in lucknow.
If Excess RCM is paid, or wrongly paid, and ITC claimed in full what will happen? Does we need to ask for Refund and Reverse ITC along with interest? But I think there is no mechanism to claim Refund in such case. In many cases, we have not sorted out 750/ 1500 per consignee/consignment GTA. Not sorted out Exempt GTA. Arrived at wrong totals. and so on. What , if, at the time of Assessment / Audit, the proper officer finds out this and ask for Reversal of Excess ITC leaving Refund part untouched. Can we say this as Revenue Neutral and no action is required. Please guide. Thanks.
Dear sir. In such situation whenever encountered u have to reverse the itc along with applicable interest under section 50 and for excess payment u can claim refund under section 54 excess payment of tax. Regards. Parag Gupta(ex - Kpmg) guptaparag257@gmail.com
A company providing export of services and receiving payment through foreign payment gateway in its bank...is RCM applicable on payment gateway charges by foreign payment gateway bank
Sir in this case hospital is providing exclusively exempted services hence it is not required to take registration. Then as per s.no. 45 of exemption list read with section 11 of IGST Act if advocate provides services to unregistered then it is a exempt service. Then in this case there is no question of RCM.
supplier who is registered under gst and supply gta services which comes under rcm to registered party but not uploaded the invoices in GSTR 1 Then is recipient liable to take input by paying tax on gta services as in this case self invoicing is not to be made as supplier is registered.
1:48:00 Sir, i regularly download your videos on GST issued which is helpful for me to update myself. I am thankful for the same. I am sorry and with due respect differ with clarification in the video @1 hr 48 minutes regarding RCM on supplies to SEZ. The Central Board had issued clarifications that GST is not payable by SEZ units/Developers considering Notification. As such, from the clarifications issued by Board(Circular No. 334/335/2017-TRU dated 18-12-2017), no tax is payable under RCM provided letter of undertaking is furnished and service is used for Authorized Operations, as it is a pre-condition of Section 16 of IGST. Though it refers to specific SEZ unit, appears to applicable to all SEZs. Please correct if wrong. So that I may update myself.
Appreciate...u may have your opinion but listen what I said...why pay and then take refund and who knows at the time of supply...it is going to be used for authorized operations
Dear Narendra Ji, For free demo and installation please call us at 7252937938, 8191038422, 8103810350 or E-mail us at info@optotax.com Visit our website for more details: www.optotax.com Thanks, Team Optotax
![[IMPORTANT VIDEO] Table wise Discussion on GSTR-9 & 9C for FY 2023-24 || CA (Adv) Bimal Jain](/img/n.gif)
As always pleasured listening to you Sir, Thanks a lot sir for such a wonderful sessions
Yes. Bimalji is brilliant
Jai Jinendra
I have listened to your webinar and really excited. I looking for your webinar in future also.
very good concept for RCM for ITC based on payment even if self invoice made
Thanks very insightful...looking forward to more webinars
You're truly Gem Bimal Sir..
Very very nice & speech are also so good thanking you I like your brilliantnec
Nice..using optotax since a year, its a very user friendly software...rajat sir i would request you to enable GSTR-1 report in excel for invoices more than 500 in a month as well..
Jai ho prabhu ji
If we file late return than itc of rcm
yes start gst course
Bimal sir, where will I get the todays recording dated 12/09/2020 to watch. I.e . @ the national tax conference.
Bimal jee is a nice person
Jain Bimaldaji Jai Ho !!
Sir, Whether RCM is applicable on payments to professor for writing books.
🌹🌹🌹🌹🌹WELCOME BIMALJI RAJATJI🌹🌹🌹🌹
Sir , is the late fee charged on IGST head? When and why this head used for late fee ? I know that late fee charged on only CGST and SGST head . Please clarify the issues.
How to peep in act also guided
Thank you sir for such an informative videos and deliberations.
I have two queries in regards of salary paid to directors.
1. If a director is having directorship in more than one company and drawing salary from both companies, tds u/s 192 deducted, then RCM will be applicable?
2. If tds is deducted u/s 94J @10% on salary paid to director who is director in "single company" only then what will be the applicability of RCM ?
pls start GST Course. appreciate good presentation
Started...Pls join
Sir pls. give link for optotax
Dear Pankaj Ji,
For free demo and installation please call us at 7252937938, 8191038422, 8103810350 or
E-mail us at info@optotax.com
Visit our website for more details:
www.optotax.com
Thanks,
Team Optotax
Sir exempted good purchases rcm applicable yas or no ,if applicable rcm refund claim yas or no ya add for cost
we are shipping agent, we are receiving air freight export and import with out gst, we want to pay RCM for that?
Sir, shall we go through 3B retrun to pay RCM of 2018-19 as on today in 3B return of March 2022
Sir kindly tell me that when 3 invoices has issued for one work (one work issued for 3 installation of machinery), what is the procedure to pass the bill. Bill is in reference to railway and work has done in also railways. Firm is related to mumbai and work has done in lucknow.
Sir, RCM from tobacco purchased from Unregistered person of 2018-19 paid today in 2021-22, shall we claim ITC
If Excess RCM is paid, or wrongly paid, and ITC claimed in full what will happen? Does we need to ask for Refund and Reverse ITC along with interest? But I think there is no mechanism to claim Refund in such case.
In many cases, we have not sorted out 750/ 1500 per consignee/consignment GTA. Not sorted out Exempt GTA. Arrived at wrong totals. and so on.
What , if, at the time of Assessment / Audit, the proper officer finds out this and ask for Reversal of Excess ITC leaving Refund part untouched. Can we say this as Revenue Neutral and no action is required. Please guide. Thanks.
Dear sir.
In such situation whenever encountered u have to reverse the itc along with applicable interest under section 50 and for excess payment u can claim refund under section 54 excess payment of tax.
Regards.
Parag Gupta(ex - Kpmg)
guptaparag257@gmail.com
What is the penalty for not issuing self invoice on time sir ?
A company providing export of services and receiving payment through foreign payment gateway in its bank...is RCM applicable on payment gateway charges by foreign payment gateway bank
Very nice 👌
Hats off Bimal Sir
Very very nice
Sir, how can I discharge rcm liability on the same day when I pay rcm bill. Under what challan.
Great sir
Sir please make video on gst audit for f.y.18-19.
Dear Sir Nice Video But
Is Rcm Tax Applicable On Tempo Freight ???
no
Superb session
MY SELF BHADRESH MEHTA , sir hospital service is exempted but if hospital take service of advocate then hospital is liabile to pay tax under RCM ?
No not liable for rcm hospital is provided exempted services hence not required to registered under gst hence no liability of rcm arises
Yes
Sir in this case hospital is providing exclusively exempted services hence it is not required to take registration. Then as per s.no. 45 of exemption list read with section 11 of IGST Act if advocate provides services to unregistered then it is a exempt service. Then in this case there is no question of RCM.
@@ankitjainrockstar THANKS
I want to study for gst
supplier who is registered under gst and supply gta services which comes under rcm to registered party but not uploaded the invoices in GSTR 1
Then is recipient liable to take input by paying tax on gta services as in this case self invoicing is not to be made as supplier is registered.
Yes.
1:48:00 Sir, i regularly download your videos on GST issued which is helpful for me to update myself. I am thankful for the same. I am sorry and with due respect differ with clarification in the video @1 hr 48 minutes regarding RCM on supplies to SEZ. The Central Board had issued clarifications that GST is not payable by SEZ units/Developers considering Notification. As such, from the clarifications issued by Board(Circular No. 334/335/2017-TRU dated 18-12-2017), no tax is payable under RCM provided letter of undertaking is furnished and service is used for Authorized Operations, as it is a pre-condition of Section 16 of IGST. Though it refers to specific SEZ unit, appears to applicable to all SEZs. Please correct if wrong. So that I may update myself.
Appreciate...u may have your opinion but listen what I said...why pay and then take refund and who knows at the time of supply...it is going to be used for authorized operations
Yes
🙏🙏👍
04/2017 and 13/2017
04/2017 -Goods & 13/2017 - Services.
No
I am ready for gst course
started...Pls join
No charge
No
Y
N
Wah wah wah wah..
N
Y
Y
NO
no
FC
Sir pls. give link for optotax
Dear Narendra Ji,
For free demo and installation please call us at 7252937938, 8191038422, 8103810350 or
E-mail us at info@optotax.com
Visit our website for more details:
www.optotax.com
Thanks,
Team Optotax
Yes
No
Y
N
0
Yes
No
N
Yes
N