Reverse Charge Mechanism of VAT Explained with Example and presentation in UAE VAT Return

[@allinasolutions]

Very well explained MashaAllah

[@AccountingandQuickbooks]

Thanks

[@nidashmurad129]

Well presented

[@khanfyze]

thanks for explaining in detail

[@zohair87]

Great video-very informative! Could you clarify if this applies to imports of services as well, or is it only relevant to imports of goods?

[@PARVEZM.A.Associates]

Same procedure is applicable

[@farooqazam88]

@Accounting and Quickbooks If i am selling Mobile Phones in Dubai and Customer Provide me Declaration by Registered Recipient of Electronic Devices SO i will not cut his VAT and he will be responsible for VAT to submit to Govt and How i will adjust that sale invoice during filing vat in Which Column

[@NidhinCMA]

why are you showing 20 aed in box 6? and how is the amt 20 aed vat output?

[@AccountingandQuickbooks]

Dear, its example of the reverse charge mechanism pls watch the complete video to understand

[@NidhinCMA]

@@AccountingandQuickbooksin what scenario we show in box 3 ?

[@AccountingandQuickbooks]

@@NidhinCMA @4:21

[@AccountingandQuickbooks]

@@NidhinCMA dear either box 3 or box 6 -it depends upon FTA manual but it should't be double ( on output side )and as for as inputside is considered box 10 - If you want to understand this concept i will suggest watch this video completely without skiping it will help you understand the concept fully.

[@zahirshaikh1994]

Couldn't understand....20 was paid to custom as VAT then again 25 in VAT return so total 45paid