GST Update On Self Invoicing For RCM. N/N 20/2024 of GST

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GST Update on Self Invoicing for RCM | Notification 20/2024 Explained

In this video, we dive into the latest GST update regarding Self Invoicing under Reverse Charge Mechanism (RCM), as outlined in Notification No. 20/2024. If you're a business receiving goods or services from unregistered suppliers, this update is crucial for you. Learn about:

What is self-invoicing and who needs to issue it under RCM.
Key changes introduced by Notification 20/2024.
How to correctly raise a self-invoice and what details must be included.
Proper reporting in GSTR-1 and GSTR-3B to avoid non-compliance.
How to claim Input Tax Credit (ITC) after paying GST under RCM.
Stay updated with the latest GST regulations and ensure your business is compliant with the new rules. Watch till the end for a step-by-step guide on how to issue a self-invoice and record it in your GST returns.

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Stay informed and ensure you're prepared for these critical updates in GST compliance! If you find this video helpful, don’t forget to like, share, and subscribe for more such updates.

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Msm, please answer the above question

sandhyatanna
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Mam self invoicing ki reporting gstr1 mai hsn summary mai dena hoga?

alokdixit
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Restaurant service me rent rcm ITC milega maam

anjanphookan