Practical Aspect of RCM in GST | RCM की Practical Working समझें ft @skillvivekawasthi

📍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. 👨🏻‍🎓Enhance and upgrade your practical skills with our practical courses- 👉🏻ITR, GST & TDS (Combo Course) - https://fintaxpro.in/Combo 👉🏻Account Finalization - https://fintaxpro.in/Accounting 👉🏻Trademark e Filing Course - https://fintaxpro.in/TM 👉🏻Taxation for Share Market - https://fintaxpro.in/share 👉🏻GST Course - https://fintaxpro.in/GST 👉🏻ITR & TDS Course - https://fintaxpro.in/ITR 👉🏻Excel Course - https://fintaxpro.in/Excel 👉🏻Taxation for Online Sellers - https://fintaxpro.in/online 📞For course query please call @ 8368741773 Services we offer 👉GST Registration, Returns & Compliance 👉ITR Return, Compliance & Notices 👉Company/ LLP Incorporation 👉ROC Compliance 👉Buy Class 3 DSC - https://imjo.in/tFcdAZ 👉Trademark Registration - https://imjo.in/yZaxJ2 👉Trademark Reply 👉Auditing & Compliance 👉IEC Code 👉Payroll Compliance 👉ISO Certification 👉Project Reporting 👉Financial Modeling 📞For services please call @ 9718097735 GST Book i read - https://fintaxpro.in/gst-book/ FinTaxPro Website - https://fintaxpro.in/ FinTaxPro Mobile App - https://bit.ly/33lLehP FinTaxPro Social Handles- https://linktr.ee/fintaxpro For collaboration & sponsorship write us at [email protected] Cheers Folks Thanks for Watching :) Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of YouTube videos. ©️Fintaxpro Advisory LLP Shoutout to channel Members. Join our channel to get the shout out https://bit.ly/2KYVfrw ⏰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 - https://bit.ly/3b3Lvcy RCM Notes - https://bit.ly/3tGW2kx This video will guide you on below topics rcm in gst, rcm in gstr 3b return, rcm in gst hindi, rcm in gstr 1 return, rcm in gst portal, rcm in gst return, rcm in gstr 1, rcm in gst latest updates, rcm in gst tally entry, rcm in gst r1, about rcm in gst, rcm and fcm in gst, rcm accounting entries in gst, all about rcm in gst, all about rcm under gst in hindi, freight charges rcm in gst, how to check rcm in gst portal, concept of rcm in gst, how to calculate rcm in gst with example, rcm entry in gst portal, rcm entry in gst, rcm journal entry in gst, rcm gst entry in tally, gst rcm entry in tally prime, how to file rcm in gst return, reverse charge mechanism in gst meaning, rcm mechanism in gst