01 February 2020
one of my client not paid RCM on freight by GSTR3B for the whole FY2017-18. GSTR9 filed and mentioned this non payment issue by GSTR9C. Now, what is the procedure to pay RCM tax along with interest and also procedure for claim ITC on that RCM amount. Is there any provisions specified : no ITC is available for RCM paid by GSTR 9. Any of experts please suggest to claim ITC on the above RCM.
01 February 2020
If you found that as per books there was RCM liability which was not paid it is better to pay it off and declare in 9C. then claim ITC on RCM paid in subsequent 3B since in my view RCM credit is available on paid basis.
CAclubindia
