Analysis of Self-Invoicing Time Limit in RCM (Effective from 1st November 2024)
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- Опубликовано: 31 окт 2024
- Welcome to our channel! In today’s video, we’re diving deep into an essential update for all GST-registered businesses regarding self-invoicing under Reverse Charge Mechanism (RCM). Effective from 1st November 2024, a specific time limit has been introduced for issuing self-invoices in RCM cases. This video covers:
What is Self-Invoicing in GST?
Explanation of self-invoicing under RCM, as per Section 31(3)(f).
Time Limit Changes
New time limit for issuing self-invoices in RCM cases introduced by Finance Act, 2024 (Part 2) and specified under Notification 20/2024, 8th October 2024.
Provisions You Should Know
Details of Section 31(3)(f) and Rule 47A, with an explanation of the compliance requirements and consequences for non-compliance.
Why This Update is Important
Many businesses have faced confusion regarding when to issue self-invoices in RCM, leading to end-of-year backlogs or compliance issues. This update aims to streamline the process, ensuring self-invoices are issued within 30 days of supply receipt for all RCM transactions.
⚠️ Avoid Penalties
Following the new guidelines can help avoid penalties, so be sure to stay updated!
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Download Self invoicing format t.me/fintaxpro...
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rcm frieght inward p h ya outward p ya dono p
Happy diwali sir
Gstr-9 mein itc jo automatically araha portal pe usko as per book's dal sakte.....!!.............
Is this template available on course for download
Sir maine 22.23 ka 23.24 mein ake b2c amendment krke b2b mein increase amt kiya tha .........Ab 23.24 ka 1 as per book's tha but 23.24 ke r1 mein b2c sale utne se gi decrease krdiya portal ne
Sir why self invoice is important if we paying rcm amount in gst and also adjusting the same in books, whats the purpose of this law pls explain.
happy diwali sir.post sale discount video pls
issue self invoice means to keep it with self ?
Self invoice download ke liye telegram download karna padega?
Happy diwali sir...
Please provide self invoice format under GST. Thanks.
Refer description
sample invoice sheet, download nahi ho raha hai sir.
Sir kya composition dealer goods supply aur service supply dono ek sath kar sakta hai?
Ek limit tak service supply kar sakta h
@FinTaxPro sir limit kya hai
Plz🙏
@@dharmendrasahujau8468
buisness kya hai aapka
Share rcm self invoice Excel format
Check description, you will find some useful things there.
Thanks Sir... Self invoices where and how to show in GSTR3B?
It is RCM entry refer my RCM video
128A bhi 1, November 24 se hai
Refer this video ruclips.net/video/e91dfrgNlkU/видео.htmlsi=4YX-NyaW2Me9ugbp
Yeh sabhi update practically paid course aayegi ?
Aur abhi bohat sara GST me change ho haga hai toh lagta hai ki GST course naya hi lana padega toh uska benifit yeh course me hi aayega ki alag se lena padega course ?
Please answer dena sir yeh daught clear karna
Isi course m aayegi sari updates
Sir after time limit bhi to back date me self invoice generate karne to pata kaise chalega.
3B back date m kaise file karoge?
Sir agar hum rcm pay nahi kara to government ko kasa pata chalaga ke is person ma gstr 3b ma rcm nahi pay kar raha
urd dealers ka to pata nahi chalne wala. jabtak aapka auditor chugli na kare. 😂
Jab aap maal kharid te hai to freight to dete hi hai
@@thealphabetneeraj4643 basic commerce padho thoda
Bhaut badiya 😅
sheet provide kijiye sir Rcm invoice ki
Check description
@@FinTaxPro download nahi ho raha hai sir.
@@FinTaxProit's not getting download Sir.
Should people do business or do all such non sense and waste time?