In another example, let's talk about one such ad, which
created a lot of controversy.
Saab Vimal's ad, Akshay Kumar recently shot Vimal's ad, it
is said that for Vimal's ad he has charged 100 crore rupees
and if there is 18% GST, then it will be so.
Now try to understand the matter, that Vimal calls Akshay
Kumar, that his son is shooting in the morning, he is
shooting for Vimal's ad and will give you so much money,
tell me on which date your shooting will be. He said, I am
here on January 1 morning, I will come at 6 in the morning
to do the shooting.
To what will happen to 1 January, 1 January will be ours, 1
January will be the date where services are being provided,
to 1 January would be the date of provision of service,
provision of service.
Here we are providing our main services, so that day it
became so much, it became so amazing that my accountant was
on leave, my accountant was on leave, what basically did he
do while on leave? He was my uncle, he is worried about my
small stay, he says friend, what kind of boss is he, he
gets up at 4 o'clock in the morning, calls my son at 4
o'clock in the morning, he is an accountant, so much money
from whom? I have come, I am giving how much money to whom,
I am sure
Can you give me some information, he is writing on
everything, he is calling me early in the morning, friend,
I don't even have a personal life, that's why I started
this job, I will work for Amitabh Bachchan, He is the least
respectable person, follows normal routine, life also goes
on smoothly for me, he started working for Bachchan saab,
now Akshay Kumar's accountant is not there at this time, he
will also issue invoices, I have made my own request
Karenge, jo bill book wagar hai, open the bill book,
extract it, go into the register and check before you go,
who was an accountant, where does he keep his files, go to
where he maintains his bill book wagar, first go and
search. , First of all you have to do the shooting of the
ad, then you have to do the Kasrat too, after that you have
to find the bill book also, so that you can raise the main
invoice, then today you have to do the shooting, I will
make provision of services, provision of
I did it, but
It took a lot of time for Akshay Kumar saab to search the
bill book and cut the invoice and he walked for almost one
march, he issued the invoice after one march, because he
did not know where it was, he spent the whole day shooting.
the, what did you find out that where is the copy of the
invoice, where is the bill book maintained, where is the
accountant keeping the file, what do you know, they have
hired a band, he will see, now that band is running, there
is nothing in it what's wrong, one march
Who gave the bill, made the invoice, bought the thing that
came into the society, wrote the thing themselves and gave
the bill to the owner of Vimal Paan Masala, and this is why
they saw that the accountant was there.
How did it work, because the accountant was also on the
set, so he saw that brother was raising the invoice, after
raising the invoice he went to the owner and asked, when
are you making the payment? So he also did the same thing,
raised the invoice on one March, and on the same date he
called Vimal, saying that Bhai Saheb has sent the invoice
to you, when will the payment come, Vimal has called, in
the payment. It will take some time, 10
That you keep the date, I will make the main payment on
10th March, Pakka Pakka, I will make the main payment on
10th March, it is 10th March, 10th March is the date, I
have recorded the payment in my books, record It has been
done in the books, records have been made in the books,
till now there has been no credit in the bank, only records
have been made in the books, that day my paas check has
come, on 10th March, the noble man turned out to be Vimal,
on 10th March we Bandai sent a cheque, just like I was sent
a cheque,
Received my money, recorded it in my books, but that check
is not my money, because Akshay Kumar Sahab is a very busy
man, sometimes he spends time with the shooting of films,
so this is the cheque, this His table is also being kept,
he forgot to deposit that cheque, there is no servant left
for him, one by one all the servants are being hired, his
job is being done, it is said who will help the man, this
four brother said. given, to now inko
One day, he thought that he is going to fuck all his
servants like this, a check of Rs 100 crore came, what
happened to it, he racked his brain, thought hard, then he
found out that till today he has been depositing all those
cheques. He did not go to the account, went back to the
same table, he checked as it was, he took an unclaimed
cheque, of Rs 100 crore, he said, about 1st April, he
deposited it in the account. Their account will also be
credited on the same date, on the same date
Account credit was completed on 1st April, this was a poor
chain of events, shooting of ad was on 1st January.
Who raised the invoice and went in March, because the
accountant was hired, after that he went on 10th March, he
made entry in the books and on 1st April his payment was
credited, all these are the cases, now this is your money.
Akshay Kumar Sahab is near you, says CA Sahab, consultant
Sahab, it is heard that you have increased GST a lot,
Please tell me how did my time of supply increase in this
chain of events?
You should know the meaning of the date, my time of supply.
Which date do you want, then you tell us.
You will open the book store on time, you will check, you
will think what Gupta sahib had taught, then you will come
to this point, what is this point called, this point is
called, see what invoice was issued on time, invoice In
case of services, which is the last date of issue sir, the
last date of issuing invoice is either before the provision
of service or then within 30 days from the date of
provision of service, what is the invoice here 30 days to
move and move
what is going on, what is going on here
The invoice is being issued after 30 days, the answer is
no, so what will we check here, what is the date of
provision of service, what is one January, what is the
second, date on which payment has been recorded in the
books of accounts, not in the bank, books
of accounts me, wo kya hai, 10 March, aur tesra kya, date
on which payment is credited in the bank account, wo kaunsi
date hai, 1 April, ab issme whichever is earlier jo bhi
hai, wo aapka time of supply ban Will go, whichever is
earlier, one January is, and one January will be yours,
time of supply, this is the point, what will be forward in
case of services is your case, do things you have to check,
first thing, what Your invoice has been issued at exactly
the right time, as per
31, Whatever is the date of issue of your invoice, before
that date, your invoice has been issued, if it has been
issued then this is the case, check all these dates,
whichever is earlier than that. If not, you have not issued
the invoice, after 30 days, do not worry, the time of
supply will still be there, for that also you have these
dates, you can compare those dates, this is a simple point.
hai saab, this is saab, if you are in forward charge
If you are supplying, then in this case, how is your time
of supply visible, see, if you are paying any attention,
please tell me, even if you follow all these parameters,
you will not be able to find your time of supply, as you
are logging in. That is, their work is going on in Kacha,
they do not know when the payment is coming, when the
deposit is coming in the bank, when the credit is
happening, when the services are being provided, even the
invoice is being ensured, this I don't know anything like
this, what will happen in our case, our case
It also doesn't work, because those who try never lose.
tab what to do, if time of supply cannot be determined by
above method, then how will it be determined, it will be
taken as date of receipt of services, in the receiver's
book, whichever person is receiving your services,
advertisement When the services are shown in your books,
the main thing is the date received, which date will matter
to you, the supplier's time of supply, that date will
matter, the date the receiver will show in your books,
The point is sir, that the receiver has received the
services, that date will be counted sir, this is the point,
just see, sometimes some excess payment is coming, next
point is, it is a very small point, of 3 lines, excess
payment. Meaning, Sir, more money will be coming for
payment, here the more payment you ask for, the more
invoice you give, the more payment is not made, here you
are saying to show the invoice, for example there is an
invoice of Rs 5000, it is Rs 5000 or Rs 4800. There is an
invoice, and a rich man has arrived, he
What payment is being made, social welfare, you have a bill
of Rs 4800, what services are you availing, are you having
internet services, or you have a TV cable installed. Or any
other services.
There are services worth Rs. 4800. You have given that
person Rs. 5000.
You have somehow given Rs. 200 as an advance.
You had to give Rs. 4800. You have given Rs. 5000.
There is a small advance of up to Rs. 1000.
In that case, what will be the time of supply? Rs. 200.
I am not talking about Rs. 4800.
Rs. 4800 is the same as the forward charge.
I am talking about Rs. 200.
So, what will be the time of Rs.
In terms of the proviso, for a payment up to Rs.
1000, for a payment up to Rs.
1000 received in excess of the invoice value, the supplier
can choose to take the date of invoice of such excess
amount as the time of supply of service.
That means, the Rs.
200 service that you will give later, the Rs.
4800 service will end here.
You will get Rs. 200 as an advance.
If you get an advance, you will give the service in the
future also.
When you adjust that Rs.
200, when the invoice of that service will come, that will
be considered as the time of supply of Rs.
In January, you got an advance of Rs. Rs.200 for the
services of March or February.
In February, when you adjusted Rs.
200, the date of invoice of the next service will be
considered as the time of supply of Rs.
Let's come to the next point.
Time of supply under reverse charge.
Let's see what it says.
Let's see.
A service is being supplied which is covered under reverse
charge.
Sir, in the case of goods, I had told you that there are
many such services which are covered under reverse charge.
This means that the whole mechanism of GST is completely
reversed.
What usually happens is that the person who is supplying
the services will collect his GST from the customer.
For example, if I give you a service of Rs.
1 lakh, and I tell you that the GST is 18%, then the total
will be Rs.
I will take Rs. 1,18,000 from you.
What will I do with Rs.
I will deposit it to the government.
For this, I will have to take proper registration.
I will have to fill the return for this every month.
How many services I am giving, how much GST I am
collecting, how much input tax credit I am taking.
I will have to show the details of this every month in my
monthly return.
But the mechanism of reverse charge is completely reversed.
Reverse in the sense that it casts a responsibility on the
person who is receiving the service.
It puts the responsibility on the customer.
It puts a burden on the customer's shoulders.
If you are taking the service, then it is your
responsibility to go and deposit the tax to the government.
You will file the return.
You will take the registration.
This is the responsibility.
The mechanism is completely reversed.
It is the responsibility of the customer to go and deposit
the GST in the government's account.
The responsibility of the supplier is not there.
The whole mechanism is reversed.
This is what the reverse charge mechanism says.
There are many such services that are covered in reverse
charge.
For example, if there is a lawyer, an advocate, and he
gives services to a company,
then in that case, it is not the responsibility of the
lawyer to collect the GST and deposit it.
It is the responsibility of the company to collect the GST
and deposit it.
If there is a director of the company, if the director of
the company is providing services to any company, if he is
not an employee of the company, but as a director he is
providing services, then that is also covered in reverse
charge.
It is the responsibility of the company to go and deposit
the GST in the government's account.
There are many such services.
When we come to that chapter, we will discuss about it.
What are the actual services?
For now, you run the business with one or two services.
In the case of these services, what will be the time of
supply?
We are discussing that.
On what date will it be accepted that the services have
been supplied?
Accordingly, in which month will I have the responsibility
to file the GST return?
And in which month will I have to deposit the tax?
We are checking this.
What is it?
Time of supply of services under reverse charge.
The first date on which payment is recorded in the books of
the receiver.
Have you noticed this?
He is talking about the receiver.
Because everything has been reversed here.
Everything has been reversed in reverse charge.
Till now, we were running with the mindset of the supplier.
Payment has been recorded in the books of the supplier.
Credit has been recorded in the bank account of the
supplier.
We were talking with the mindset of the supplier.
Now that mindset will be of the receiver.
Because the role of the supplier is over.
The responsibility of the supplier is not left in reverse
charge.
What did the supplier do?
The supplier has only supplied the services.
His responsibility is over there.
Now it is the responsibility of the receiver to deposit the
tax and pay the return.
All this is the responsibility of the receiver.
So, the thought process that we have to carry out in the
mechanism of reverse charge, for the time of supply, that
has to be carried out from the end of the receiver.
The supplier will not come here.
We have to take the earliest date out of all three.
Date on which payment is recorded in the books.
Date on which payment has been debited from the bank
account.
Or the 61st day from the issue of invoice.
Whichever is earlier.
Take an example.
A lawyer is giving a service to the company.
He is a lawyer.
A lawyer is giving a service to the company.
He has given legal services on 1st January.