NEW RCM & TDS in GST | For Metal Scrap Sellers & Buyers | 54th GST Council | GST with Saradha скачать в хорошем качестве

NEW RCM & TDS in GST | For Metal Scrap Sellers & Buyers | 54th GST Council | GST with Saradha

🆕 RCM & TDS for METAL SCRAP Sellers & Buyers! - Effective 10th October 2024 🔔 Attention metal scrap traders - The rules of the game have changed completely, and you cannot miss it out 🙅🏻‍♀ Whether you’re buying or selling metal scrap, the recent updates from the 54th GST Council meeting will directly impact your business. In this video, we decode the entangled compliance structure in 3 new notifications and Presenting you in the simplest form with visuals of the key changes you need to know about – TDS, Reverse Charge, and Registration Requirements. Here's the break up: 🔹 What counts as "METAL" under GST (It’s more than you think! 😃) - HSN headings 72 to 81 covered 🔹 New rules for who pays the tax and when (FCM & RCM explained) in multiple scenarios 🔹 New RCM - self invoice recent change - ITC eligibility (Notification 6/2024 Central Tax (Rate) Dt. 08.10.2024) 🔹 New TDS requirements more in detail - that might surprise you with the additional compliance burden 🙃 (Notification 25/2024 Central Tax Dt. 09.09.2024, w.e.f. 10.10.2024) rate - calculation with example - New GST TDS registration REG07 (Refer tutorial to apply : https://www.gst.gov.in/newsandupdates...) - GSTR7 form filing by 10th of next month - payment by cash) (Note: 🚫NO TDS if location of the supplier and place of supply is in a State which is different from the State of registration of the recipient) 🔹Supplier responsibilities (not just for buyers) - (i) Registration exemption removed (Notification 24/2024 Central Tax Dt. 09.10.2024) and (ii) TDS credit encashment - adjust in output or apply to get refund We have made complicated matters simple and easy to follow, so you can stay aware of your compliance without the headache (well, we will reduce the headache at least! 😉) ▶ Hit play, be aware, and let us know your thoughts in comments! ↗Share it the most, as we are running short of time to put compliance in place - To be taken care in Oct month returns to be filed in Nov24! #GSTwithSaradha #GSTUpdates #MetalScrap #Metal #RCM #ReverseChargeMechanism #TDSCompliances #GSTTDS #GSTR7 #GSTCompliance #TaxDeduction #MetalIndustry #IronSteel #Copper #Aluminium #Lead #Zinc #SupplierCompliance #RegisteredDealer #GSTRegistration #TaxRegulations #GSTCouncil #BusinessTaxation #TaxUpdates #GSTLaw #GSTInIndia #TaxDeductionAtSource #ComplianceMatters #FinanceKnowledge