GST Liability on RCM and ITC theron shown in Next FY's GSTR 3B. How to show in GSTR 9 ?

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This query is : Resolved

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This discussion addresses the challenge of reporting Reverse Charge Mechanism (RCM) liabilities and their Input Tax Credit (ITC) in GSTR 9 when they were declared in the following financial year. Experts advise that these transactions should not be reflected in the GSTR 9 for the financial year in which the liability arose if payment and ITC were claimed in the next FY. Instead, they should be reported in the GSTR 9 and GSTR 9C for the financial year in which the ITC was actually availed, typically FY 2023-24 in this case.

Deepak Rawat

Deepak Rawat (Querist)
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26 November 2023 CDear Experts,
I am filling GSTR 9. But I am facing an issue.
In FY 2022-23, there were some RCM Liability that I shown in GSTR 3B of FY 2023-24 and ITC on same claimed in FY 2023-24.
For Example, RCM Liability of Rs. 10000/- on Freight for the month of March 2023, has been shown in the GSTR 3B of August 2023 and ITC on the same availed in the month of August 2023.
So, please guide me how to show this in GSTR 9 and 9C for FY 2022-23.

Wish to get your valuable response.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 November 2023 Show it in table 10 to 13 applicable.

CA. Bhavik P. Chudasama

CA. Bhavik P. Chudasama (Expert)
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27 November 2023 No effect of the same in GSTR 9/9C for FY 2022-23. Do show it in the GSTR 9/9C for Period FY 2023-24, because you are eligible for ITC only when you pay the GST Amount, since in FY 2022-23 you have not paid the GST you are not eligible for ITC in FY 2022-23.

As per GSTR 9 , ITC Speaks of Eligible ITC and Availed ITC, So as per my Opinion No Effect in FY 2022-23 directly show in FY 2023-24 GSTR 9

Deepak Rawat

Deepak Rawat (Querist)
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27 November 2023 Yes as per me, It should be shown in FY 2023-24 as I there is no such option to show in GSTR 9

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