All you need to know about Reverse Charge Mechanism in GST, RCM in GST| ConsultEase with ClearTax

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4 жыл бұрын

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? ...
.......
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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.

Пікірлер: 386

@bishal.dey26 3 жыл бұрын

Thank you very much...This helped me to understand the concept of RCM and has helped me to get rid of my confusion

@kkrish8683 2 жыл бұрын

Tomorrow I'm having my cma exam Ma'am thank you soo much this video cleared all my doubts ✌️✌️

@narenderkumar-bn7lv 4 жыл бұрын

Saral hindi bhasa me vistar se samjhane ke liye Bahanji ko dhayabad

@sarkarinaukari1209 3 жыл бұрын

Your GST releated video's very helpful thank you

@hk_build 3 жыл бұрын

Thank you so much for your valuable content Helped a lot

@tallypointaccountingclasse7456 4 жыл бұрын

Thanks a lot . all videos very easy language and very good communication skills .. thanks

@719rules 2 жыл бұрын

After 40 videos landed ended up here understanding in simple terms ✌️🙏🙏

@focus4519 2 жыл бұрын

ma'm people like you , keep me motivated. thank you

@keshavmishravlog8967 Жыл бұрын

Thankyou very much very good 👍 clearly explain my all doubts clear..

@monimohan9145 4 жыл бұрын

Acchey expose karti hai. Thankz mam

@prakashparekh2042 3 жыл бұрын

very nice explanations , thanks a lot madam.

@kailashmalviya6920 4 жыл бұрын

Ur every videos very helpful & knowledgeable...

@JaswinderSingh-ul2pi 3 жыл бұрын

Hi, can we adjust our rcm liability through our cash ledger without payment of tax. if it has an excess balance deposited in cash ledger?....

@mohammadaamir499 4 жыл бұрын

Mam, purchase in unregistered supplier me rcm(notify goods) ke ilava jo goods he use kaha dikhana he gstr3b me... please reply...

@aamirattari4101 Жыл бұрын

Bahut ache se explain karti hai app

@induklaprajapati651 4 жыл бұрын

Mam 2017-18 ka freight par rcm paid kiya dt 25.6.20 ko kya hume itc milega

@AmitGupta-gc4vr 3 жыл бұрын

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

@gauravjoshi1515 4 жыл бұрын

Mam Gstr 9 fy 2018-19 annual Return m 2017-18 k data aa rahe hai pls solution provide

@vishruthtallam1587 3 жыл бұрын

So tax paid on Reverse charge will be added to the output tax liability of the recipient? will it be shown in the electronic liability ledger of the recipient?

@rbkassociates 3 жыл бұрын

How to dealt with the ITC shown in the GSTR2B of the supplier supplying the services attracting RCM?

@shyamtripathi6104 Жыл бұрын

Thank you so much Madam

@vishalpatange24 4 жыл бұрын

Thank you for your information

@RahulKumar-rr9tn 3 жыл бұрын

Hlo Mam! Please make a video about Calculation of Depreciation as per company act, 2013.

@gautamjha1629 4 жыл бұрын

Thanks for the video ☺️

@rsgkstudies 4 жыл бұрын

Thanks for your advice mam

@yashrajsinhzala2483 2 жыл бұрын

Tq so much mem thus is very helpfull

@rajeshgarg8296 2 ай бұрын

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

@soumenadhikari23 Жыл бұрын

Thank you

@pramodrahate2487 2 жыл бұрын

Madam agar Mai transport service liya 23/3/22 ko aur invoice bill date bana 23/3/22 ko. Question ye hai ki..... Rcm ka tax invoices ke uper charge kare? ya payment karne ke bad rcm ka tax payment kare?

@chauhansanjay414 2 жыл бұрын

Mam mujhe transportation (Un.Reg)nai ek bill diya main us bill par 5% ka tax RCM pay karu kya jab ki main aagai party ko transportation ka bill bauga to tax rate kya laguga. Agar main 18% tax rate lagata hu invoice main to kya mujhe ve RCM main ve 18% pay karna padi gai

@vaibhavbodariya1487 3 жыл бұрын

Nicr explained forward chrgs & rcm chrgs 👍👍👍

@cadeepakgautam5338 4 жыл бұрын

Great job 👍

@probir1985 3 жыл бұрын

What is purchase tax for composition dealer purchasing from another composition dealer in annual return table 4a, in annual return cmp 04?

@GAMINGZONE-yn1je Жыл бұрын

Thnku mam

@karamveersingh6890 Жыл бұрын

Mam, yr, and, teaching, manner, very, fantastic, so, I, am, to, listen, yr, moral, lesson,

@vipulwaghmare2497 3 жыл бұрын

Hi, is RCM applicable on Royalty provision received from related party..?

@RahulJain-qd8kf 2 жыл бұрын

Thank you so much... ma'am 🙏🏻🙏🏻🙏🏻

@sabaparveen4041 Жыл бұрын

Mam you are just rock ❤

@saqibmalik7329 3 жыл бұрын

should i mention tax amount and grand total on reverce charge invoice if GTA is unregistered.

@kuldeepgaur1615 3 ай бұрын

Thanks ma'am 🙏

@PankajKumar-vn5nz 3 жыл бұрын

Thnak you so much

@vivekca 4 жыл бұрын

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

@quotes2wise 3 жыл бұрын

It will be useful if you post the link of the notifications in the description

@kundanlal2107 3 жыл бұрын

Dear Mam, Need Understanding of Import of Goods with custom and IGST, Please make a video on it Thanks

@Vairagi_108 4 жыл бұрын

Very beautifully explained..... Mam

@aakashbisht2811 Жыл бұрын

Thanks

@ashokrajput2313 2 жыл бұрын

Madam we are registered under GTA. Please explain whether we have to upload our all LR Copy in gstr1 as per new rule of GST wef 01.01.21 or party who has booked his expense of gta in books how will he get credit if he pay gst 5% under RCM from Jan 21

@gargenterprises6067 3 жыл бұрын

Mam please tell me if we shoe printing and stationary as expenses in p&l instead purchase in trading account then we have to liable for rcm or not Because in audit report i saw this and rcm not pay on that

@rajanmonga2649 3 жыл бұрын

Mam mera already TCS b katka hai or wo b cash ledger me show hota hai fir b mujhe reverse charge alag se pay krna pdega kya

@AmanGupta-jh6of 4 жыл бұрын

mam can a transporter rasie the invioce 5% for rcm and 12 % for taking the credit of input purchases, pls reply

@sanjeevgupta6264 4 жыл бұрын

Excellent knowledge

@sambittarafdar9131 2 жыл бұрын

Thnk u Ma'am. This is a very gd message.

@agrawalji4474 4 жыл бұрын

Kabse wait tha iska !! 😍😍😍😍

@ConsultEase 4 жыл бұрын

Thanks

@pandeyShanvi Жыл бұрын

Un register vendor par humesha RCM lagega ya iski bhi category hai

@MrandMrsCA Жыл бұрын

Mam Gstr 1 me jab RCM supply daal rahe hain to gst number puchh raha hai to konsa likhe because apna hi gst likh ni paa rahe hain and saamne wala to unregistered hai

@shekhsalman8517 4 жыл бұрын

Good and helpful info. Madam thank

@anilphulari185 Жыл бұрын

what if i pay mar 2020 RCM liability in Nov 2022 can I claim RCM ITC?

@user-im6md2yg5x 7 ай бұрын

Online imitation jwellery sale karne ke liye rcm applicable hai kya unregistered supplier hai to invoices khud bna sakte hai kya

@gunjangupta7908 Жыл бұрын

Thank u madam

@Sanjay_patel07 Жыл бұрын

Thank u mam for your valuable information. . .

@bappadityabera331 3 жыл бұрын

I have purchased unregistered deler RCM applicable. I have show GSTR3B-3(d) column but do not avail ITC 4.3 column. Please suggest this problem 🙏🙏

@skk4511 2 жыл бұрын

IGST imoprt is getting auto populated can I claim in GSTR 3 B or how to claim. Please advise.

@diiihaahh7942 2 жыл бұрын

Mam ek hotel me job krta hu mere yaha pe food pe 5%tax h jiska mujhe itc nahi milega but jo me ragisterd person pe se purchase kr raha hu uspe me tax de raha hu us purchase ki entry kya kru or gstr 3b me us purchase ko kese dikhau

@radheshyamdave8377 3 жыл бұрын

Madam Rcm ka jo invoice hain usse gstr2b main kaise add karinge

@DeepakGupta-sx4dh 4 жыл бұрын

Ex I paid rcm on 5th July 20 but I will file 3B for June 20 by 20th July 20 so can I take input credit . Or I need to take input rcm in July 20 3B ro be filed next month by 20th Aug. Thanks

@anirudhansatish2036 3 жыл бұрын

Thank you ji

@rajrajput2890 Жыл бұрын

Thanks It's very useful

@opgupta4920 3 жыл бұрын

Mam kya maithaoil per unregiter me tax nahi dena hai kya

@prakashpatel-gk3vr 3 жыл бұрын

Very good. Thanks.

@dipupatnaik 3 жыл бұрын

Mem if I the supplier send goods to consignee through GTA. GTA received his transportation charge from me and mentioned Rcm then who is paid the rcm

@ferozkhanpathan7157 2 жыл бұрын

Sir, Amnesty scheme 2021 is upto 31st Aug-21. But while filing of composition return for the quarter Oct-17 to Dec-17 with having turnover penalty showing on portal of Rs. 5000+5000 for cgst & sgst and interest also showing. Why this is happenig sir please reply me soon .

@bhawnaagarwal7835 3 жыл бұрын

Mem mene gstr 3b me jo input tax claim krna tha vo galti se RCM ke coloum me claim kr diya jbki RCM nhi tha ab kya kare plz help

@pravinbatra2923 4 жыл бұрын

Mam man made fiber hsn code 5407 purchase from unreg dealer wheter rcm apply or not

@anirudhakulkarni4038 11 ай бұрын

Nice vdo - explained in lucid language.

@KR756 5 ай бұрын

Ma'am jab composition dealer kisi dusre composition dealer se purchase karta hai, toh reverse charge lagta hai yaa nahi

@suresh6942 Жыл бұрын

Di if receiver unregister hai and uska t/o 20lacs se kam hai phir toh usse register hona parega rcm pay karne ke liye... So yeah 1 tarh se galt nhi hua

@geetabhawal9715 4 жыл бұрын

Mam y unregistered se registered person k case m hi hota h kya hmesha plz guide me

@abdulmatinabdulkhalique985 3 жыл бұрын

Mam gst1 may RCM kaise disclose kare recipient aur uska effect 2A kaise dikhega

@parthvaland4545 3 жыл бұрын

Good Explanation... 🙏

@manishakumari6378 2 жыл бұрын

Mam Gta 12 percent p de diya fir rcm mein nhi dege composition dealer fir se?

@vinodmehta4870 3 жыл бұрын

Mam a GTA can raise invoice with RCM and with GST 12% in both manner for different receipent of service

@Parimal_Asodiya 2 жыл бұрын

mam i am working in gov office. hamare yaha car rent per li hai 34 pm ....vo supplier without gst deduction karke bill deta hai....is it okay ?

@clear_ha 2 жыл бұрын

Osm explanation mam

@rabikumarpaswan2425 Жыл бұрын

Which one is best for me RCM or FCM . If I am transporting the goods from wholesale to retailer

@sushiljadav3502 3 жыл бұрын

Sushil Jadav 1 second ago RCM In urd purchase how I will show it in Gstr-1. pls help

@lakhanmane6244 4 жыл бұрын

Kya Mathadi contractor or labour charges par RCM lagega kya not register

@AMITKUMAR-cm7ne 2 жыл бұрын

mam maine pichli baar gstr4 ke column 6 me 2019-20 or 2020-21 ka data add krke file kar diya tha negative liability ko adjust krne ke liy. Magar ab vo amount cash me negative me show ho rha hai or hme pay krne ke liy kaha ja rha hai please help me Mam!!

@sahiljn2 3 жыл бұрын

Hi mam In a case of job work embroidery,,, I am a gst dealer, a manufacturer of hosiery t-shirt garments who sends t-shirts for embroidery And my job worker is unregistered but he issued me a bill What to do Is RCM applicable

@sumitahuja8886 Жыл бұрын

Sir if we purchase from unregistered dealer & sell through e commerce(cloth business) then we need to show purchase or not anywhere in Gst? And whether we need to pay gst on purchase & then claim it as ITC?