Practical Aspect of RCM in GST | RCM की Practical Working समझें ft
ฝัง
- เผยแพร่เมื่อ 22 ก.ค. 2024
- 📍In this session we have discuss about the concept of reverse charge mechanism RCM in GST along with Practical working of RCM. Generally, the supplier of goods or services is liable to pay GST. However, in specified cases like imports and other notified supplies, the liability may be cast on the recipient under the reverse charge mechanism. Reverse Charge means the liability to pay tax is on the recipient of supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply. There are two type of reverse charge scenarios provided in law. First is dependent on the nature of supply and/or nature of supplier. This scenario is covered by section 9 (3) of the CGST/SGST (UTGST) Act and section 5 (3) of the IGST Act. Second scenario is covered by section 9 (4) of the CGST/SGST (UTGST) Act and section 5 (4) of the IGST Act where taxable supplies by any unregistered person to a registered person is covered.
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⏰Time Stamp
0:00 Intro to Topic
1:26 Payment Voucher in RCM
4:43 Accounting Entry of RCM
7:37 ITC of RCM liability
11:00 RCM payment in Cash
17:24 RCM Outward Supply in GSTR 1
21:26 RCM Inward Supply
23:23 Claiming ITC paid on RCM
Download Section
Payment Voucher - bit.ly/3b3Lvcy
RCM Notes - bit.ly/3tGW2kx
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जिस तरह आप ने समझाया है उसके बाद जितनी तारीफ करू कम है। I would like to give five rating ❤❤❤❤❤
Itni achi explaination aj tak kisi ne nhi di TH-cam pe bro ❤️❤️🙏🙏
Brilliant sir ,and we really love ur detail video, don't regret for making long video, we all enjoy ur long video as it gives us more detail and in depth information
Very nice and very excellent I'm impressed by what I'm looking for that is available here thank you honorable sir
❤❤❤❤❤ five heart for you sir
Grand salute 👏 🙏 sir itne easy way m apne detail m RCM ko apne cover kiya. I hope ki apke subscribers 1M tak touch kr jaye. God Bless You sir ROHIT form kanpur UP.
Great Explain Sir... Thank you
Thank you sir...for deeply explained
Great explanation sirji
Excellent job sir.
Hats off you sir, for this amazing and practical explanation
Very very usefull for detailed information for me
Thanks🙏🙏 sir.. 100% clarity...
Really awesome session ❤
thanks so much. nice explaination
Thank you, Guruji.
Very informative and beautiful for accounts as well as portal sir aspects very thanks for such videos sir yesa hi aap Property Rent ke liye bhi banaye usme bhut mistake ho rahi
Thank you sir
बहुत बहुत धन्यवाद सर 😊
sir bhoot sahi thrah bataya hai apne ek bar me hi case solve kar diya
Very helpful video Sir 😊😊
Smjh me aagya thank you sir
Nice video thanks sir
bhoot accha bataya hai apne
Sir salute nice video
thank you so much sir 🙏🙏..ek ek topic ko aapne achchhe se samjhaaya hai
Brilliant...❤
YOU GAVE IT FULLY.
Sir esee he video ka wait kr rhaa thaa
Thank you for clear the concept and practical too
Glad you like it
Bahut acche se samjhaya hai sir
Very nice and thanks
Very useful video
Gstr1 mai documents summary mai hme sales invoice ke alawa ky self invoice dikhana hota hai ky?...or isme rcm invoice or payment voucher dono alag alag hai documents summary mai
Nice explanation
Thank you sir. You are grate teacher.
Mithun Batabyal from Kolkata
Thanks!
Welcome!
Bro you are doing very good job 😊
Good explalation sir👏
Awesome sir
Thanks sir ji 🙏 🙌 👍 😊
आप महान हैं सर
What a teaching! You are really
Great.
So nice of you
Thankyou sir aap lajawab ho
Thankyou sir
Hello sir,
if a registered gta ne apne gst portal mein rcm entry nhi ki hai. Aur registered buyer ko gst 3b mein rcm show karna hai to kya woh manual entry kar sakta hai kya 3.1 and 4.3 gstr 3b mein. please reply very important. Baki sab transporter ka show ho raha hai 3b and inward entry mein bas ek transporter ka rehta hai. Toh jiska bacha hai entry usse manual entry kar sakte hai kya.
Thanku so much sir good
THANK YOU
thankyou sir
is reverse invoice applicable for exempted supply ?
Very good explanation with clarity 😊
Glad it was helpful!
Sir jese frieght ki bilty pe to paid ya to pay likha hota h usme rcm kese book kre
Sir, Mene akto products non Gst me purchase Kiya....ohi product GST me salles karna he....RCM dekha ke input lesakta hu??
Hi, Very very nicely explain & also showed entry in books of account without software for that Thankyou,(I am using old erp 9 which is only for goods where there is no service entry) now sir I want to know that how to pass entry unregistered GTA & self invoicing & how can show unregistered GTA entry in GSTR 1 pls . Can show by way of video.
Nicely explained sir,,after so much struggling to understand rcm,,got clarity here,,please can u explain what was in last -how to utilise itc next month
Yes nice question
I understood everything, just unable to understand why we can't utilize rcm itc like any other itc to pay output tax.
Sir jab hum unregistered party ke saath deal karenge and counter party se hame apne 3b mai RCM amount auto populated nhi milega tab hume manually karna hoga then eligible ITC ka column to red hoga na isse koi fark to nhi padega na?
Sir rent ke gst me r1 recipients ko daalni padegi owners unregistered person hai
Nice sr
Very easy explanation, thank you sir. Sir ek querry hai ki RCM ki ITC avail kar li maine aur credit ledger me aa gai to utilise same month me kyu nahi karte hai. Maine to file kiya tha to utilise kar liya hai. To kya ab iski notice aa sakti hai ?
Sir advocate apni books mai entry kaise karega .. cgst output rcm aur sgst output rcm Jo uska payable niklega.. sir please btao
Sir ji bank payment date month ke last ki 31st ki kaise hogi jabki chalan hum gstr-3B file karte hai us din banate hai
Sir,Please show the entry of RCM IN TALLY PRIME
GST return any purchase can we add in 3b
Happy Holy Sir
what is the need of RCM concept ,when ITC is available on RCM paid later on...making the effective payment of GST as nil..??? pl clarify...
CGST AND SGST (INOUT ANS OUTPUT KA EK HI COLLUM HAI).....AND GST PAYABLE KA LEDGER SIRF JUNE MO
NTH KE LIA CREATE KRNA PDEGA?
What is the accounting entry in the books of Anand advisory LLP
🙏 Sir kindly complete the Journal Entry of "CGST and SGST Input RCM" after payment made through Electronic Cash Ledger, from which ledger we have to adjust, because you already reversed "CGST and SGST Outward RCM" by due and payment entry.
Hi sir ...
Transport se bill h vo bhi unregistered. To sir ye situation me gstr 3 me kaise fill hoga ..aur ye to cash me paid krne ke bad utilities kaise kare pls sir tell me ya make a video
Sir, what will do, ITC of RCM claimed and utilise wrongly but no taxable value and RCM liabilty is shown in GSTR 3B
Where we will show it in case provider of service bis unregistere
Where we will show it on GSTR1
sir, jab koi outside India ki company se software subscriptions ki services Indian registered company leti hai to RCM applicable hot hai ha nahi
👍
Next month me RCM ka ITC utilize karne ke liye figures manual fill karna hai ya auto populated aayega....agar manual fill karna hai to kaha pe fill karna hai
Sir when we purchase old goods from customer what will be the procedure
Teach margin scheme filling practically pls
Building material unregistred se purchase hai to kaya RCM pay kar product ko tax invoice par sell kar sakte hai aur itc next month utilize bhi kar sakte hai
❤
Sgst,cgst input rcm group kisma ayega
Sir Ji Please tell me - as a service recipient how can we calculate RCM on Transport Charges & pay AND make entries in Tally & GST Portal.
kya sir reta gitty ke urd purchase par rcm hai
How utilise RCM ? Please guide sir
B2c taxable invoice add to b2b how to amend sir
Kya journal voucher bhi kar sakte hain? Ya payment voucher hi karna jaruri hai
Sir if challan ke through payment kr de RCM liability ka then kya same month mai RCM wala input claim kr sakte hai
Good
Aur agar last month ke GSTR 3b ke table 3.1 (c) me RCM GST pay kiya hai lekin table 4(A)3 me RCM GST claim nahi kiya hai to ?
Sir suppose I buy a item from an unregistered person goods worth 1lakh which has gst 18000 @ 18%, now I have to reverse 18000. Now suppose I wish to sell the item at 10% profit ie 10000, what should be my value of my sell invoice 129800 ie 18% on 11000 or 151040 ie 18%on 128000
Sir, annual return के समय RCM Liability का पेमेंट किया है तो उसकी ITC ले सकते हैं क्या?
sir kuch consultant kehe te hai ki jis month me pay kar rahe ho usi month me claim kar lo aur gstr1 me rcm me jab entry karte hai to total sale me tax ko add karke nahi likh te kya ye sahi hai sir
gstr1 wrongly filed without rcm how to resolve
Sir GSTR 3B me Input Galat Claim kiya hai means Jyada Claim kar liya hai jitna Books me available tha ya GSTR 2A/2B me show ho rha tha...
to Books me Adjustment Entry jo pass karenge Month end me wo jo hona chahiye tha wo ya jitna claim kr lia hai 3B me wo??
Sir agar rcm out of state ka ho that means igst to in form 6 of payment of tax jaha hum calculation krte hai gstr3b ki waha pr as per rule igst set off hota hai against cgst aur agr waha se amt nikal de to return aage process hi nhi hota hai aur agar rcm igst waha utilise ho jata hai to wo return galat ho jata hai na kyuki in same month me hum rcm ka credit nhi le sakte plz explain 🤞🙏
Sir 3B me Bill value 10000 mention karni hai ya Taxeble Value 9000 mention karna hai
Tell me one video on govt civil contractor which received payment from govt
Jo bilty hoti kya uska rcm dena hoga
Latest news on RCM on rolaty ??
Sir, shall we Adjust RCM Liability agst.Electonic cash balance?
No, cash balance se adjust nahi kar sakte hai, cash mai payment karna padega
Nice sir.
Sir tax advocate bhe rcm laga sakte h apne client's pe?
No
Dear sir,
supply karte waqt total
Amount galat he na 10,000/- hi dalna tha total utna hi payment ane wala he n party se. Your student waiting for reply