ITC ON GST PAID UNDER RCM IN GSTR-3B
This query is : Resolved
13 August 2017
Dear Experts,
We have to show Inward supply under RCM in Outward Supply in GSTR 3-B. Can we claim this GST as ITC in same month i.e. July-2017?
please advise
Rakesh Sharma
13 August 2017
Yes it can be claimed if RCM is paid in July.
Message likes :
1 times
13 August 2017
Sir, GST under RCM related to July-2017 paid in August-17. It means we can not claim the ITC in July but we can claim the same in August. Am I correct sir?
14 August 2017
Yes Mr Rakesh Sharma... first you have to pay RCM liability than ITC will be available
14 August 2017
Yes you are correct.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 2 Short Term gain & Long term gain
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- TDS 194R on GST effected
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
