GSTR9 and GSTR9C

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This discussion addresses a firm's failure to pay Reverse Charge Mechanism (RCM) for the financial year 2018-2019. The recommended solution is to pay the outstanding RCM amount along with applicable interest using the DRC-03 challan. While GSTR9C may not be applicable if the taxable turnover is below five crores, filing GSTR9 is still mandatory. Importantly, Input Tax Credit (ITC) cannot be claimed on this RCM payment.

R S Sai Kumar

R S Sai Kumar (Querist)

16 August 2020 One firm has not paid RCM pertaining to the financial year 2018 - 2019, How to solve this?
Party will pay the RCM. I wanted to file GSTR9, GSTR9C is not applicable as the taxable value is less than Five Crores

R S Sai Kumar
9246881884

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

16 August 2020 Pay the amount through DRC 03. No ITC can be claimed on it.

Lekhraj sood

Lekhraj sood (Expert)

17 August 2020 GSTR9 you have to file even if the turnover is less than Rs. 5 crores.Please report this in GSTR9 and pay the GST on RCM alongwith interest in DRC03 challan.

R S Sai Kumar

R S Sai Kumar (Querist)

17 August 2020 Thanks a lot for the replies
R S Sai Kumar

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