ITC ON GST PAID UNDER RCM IN GSTR-3B
This query is : Resolved
Rakesh Sharma
(Querist)
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
CA R SEETHARAMAN
(Expert)
13 August 2017
Yes it can be claimed if RCM is paid in July.
Message likes :
1 times
Rakesh Sharma
(Querist)
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
CA R SEETHARAMAN
(Expert)
14 August 2017
Yes you are correct.
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