RCM Under GST - Overview and Intricacies || CA (Adv) Bimal Jain

RCM Under GST - Overview and Intricacies || CA (Adv) Bimal Jain

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[asrafali-egwj]

As always pleasured listening to you Sir, Thanks a lot sir for such a wonderful sessions

[salonidua]

Thanks very insightful...looking forward to more webinars

[sangramsamantaray]

very good concept for RCM for ITC based on payment even if self invoice made

[suniljain]

Jai Jinendra
I have listened to your webinar and really excited. I looking for your webinar in future also.

[p.r.s.gaming]

Very very nice & speech are also so good thanking you I like your brilliantnec

[richakansal]

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..

[vinutele]

Bimal sir, where will I get the todays recording dated 12/09/2020 to watch. I.e . @ the national tax conference.

[nitinjain]

If we file late return than itc of rcm

[ramkrishna]

Receiving option in the customer receiving option here supply to goods and I am timing confirmly in the receiving after reverse chart attending

[RajeshGupta-beqw]

Sir exempted good purchases rcm applicable yas or no, if applicable rcm refund claim yas or no ya add for cost

[NEHAPANDEY-vqbb]

Sir, Whether RCM is applicable on payments to professor for writing books.

[yuvanraj]

we are shipping agent, we are receiving air freight export and import with out gst, we want to pay RCM for that?

[vivekbhat]

pls start GST Course. appreciate good presentation

[mohammadsayeedbawa]

Sir, shall we go through 3B retrun to pay RCM of 2018-19 as on today in 3B return of March 2022

[somyagupta]

What is the penalty for not issuing self invoice on time sir ?

[mohammadsayeedbawa]

Sir, RCM from tobacco purchased from Unregistered person of 2018-19 paid today in 2021-22, shall we claim ITC

[soumyasaha]

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.

[chitrangdakashyap]

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.

[nkshete]

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.

[arajan]

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.