Day #4 | RCM GST Liability | 1 Week Series

📢 Key RCM changes before finalising FY 22-23!

A quick 1 minute video where I'll break down the significant Reverse Charge Mechanism (RCM) changes in GST over the past year.

1️⃣ Residential Rental: GST Registered business entity as tenant to pay RCM.

2️⃣ Director’s Remuneration: Keep up with the recent circular clarifications and do check out our detailed YouTube video for this in GSTwithSaradha

3️⃣ Ocean Freight: No more RCM payments here!

4️⃣ More OIDARs in India: Revisit their tax liability.

5️⃣ GTA Option: If GTA opts for forward charge, say goodbye to reverse charge.

6️⃣ Import of Services & Forex Payment: Evaluate and stay compliant.

These RCM updates are crucial! Correct evaluation and timely payment can help you avoid interest charges and avoid ITC disputes.

So far, we've covered outward, inward, and RCM aspects. In our next video, we'll delve into NUMBER CONTROLS 📊

Stay tuned for more
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