Reverse Charge Mechanism in GST | RC entry in tally | Applicability

Reverse Charge Mechanism in GST | RC entry in tally | Applicability

This video will give you in depth understanding of reverse charge mechanism. We have explained the meaning of RCM & normal mechanism in a very simple manner. You can learn how to make RCM entry in tally with step-by-step guide.

We have added explanation of following sections with example:
• Section 9(4) of the CGST Act and 5(4) of the IGST Act
• Section 9 (3) of the CGST Act and section 5 (3) of the IGST Act
• Section 9(5) of the CGST Act, 2017

To know more about the list of services & goods comes under reverse charge mechanism, watch this video till end.

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Disclaimer: For the creation of this video, we have taken various resources into consideration like government notifications, 3rd party websites and experts advise. There may be timely changes in rules. We strongly advise to take suggestion from your tax advisor before implementing to your organization.