Payment of GST under RCM
This query is : Resolved
Quick Summary
15 October 2022
Sir
Can a dealer, whose status is " Regular " claim ITC on GST paid under RCM on rent ?
Where should the GST amount under RCM be entered in the GST portal, GSTR 1 or
GSTR 3B and under which table ?
Pls. advice.
Can a dealer, whose status is " Regular " claim ITC on GST paid under RCM on rent ?
Where should the GST amount under RCM be entered in the GST portal, GSTR 1 or
GSTR 3B and under which table ?
Pls. advice.
15 October 2022
It's gstr 3b. You can claim ITC on rent paid.
You can declare the supplies liable to RCM in GSTR-3B & claim ITC on it. You can declare the supplies under RCM in Table 3.1(d) of Form GSTR-3B.
You can declare the supplies liable to RCM in GSTR-3B & claim ITC on it. You can declare the supplies under RCM in Table 3.1(d) of Form GSTR-3B.
15 October 2022
Thank you sir. But, the problem is, for the month of Aug 22, we declared the RCM supplies, namely Rent, in the GSTR 3B -> Table 3.1.d. But the tax portion did not get auto populated in the subsequent month ( Sep 22 ) nor the system allows us to update it manually in table 4.3 in 3B. How to claim the rcm already paid in Aug 22 and go about hence forth ?
Pls. Advice.
Pls. Advice.
16 October 2022
Did you paid the RCM through cash ledger.
16 October 2022
Yes Sir. The amount was paid through Cash ledger.
16 October 2022
The GSTR-3B needs to be filed on the GST Portal on a monthly basis along with the RCM transaction details & the RCM taxes need to be paid using the Electronic Cash ledger only. Taxpayers can later claim the ITC on such transactions, in table-4A of GSTR-3B of the same month
16 October 2022
Thank you Sir. Can I claim the ITC on RCM paid in Aug 22 in the Sep 3B - Table 4A ?
Pls. advice.
Pls. advice.
16 October 2022
Yes, you can claim....
16 October 2022
Thank you so much Sir.
16 October 2022
You are welcome....
.
..
.
..
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
Unanswered Queries
- Sales of goods of amount Rs77 lakhs to a party
- ITR WITH 0 TURNOVER
- How to pay tds on mhada property
- Schedule Dpm under 44ada no account casr
- Value of Perquisite Tax Borne by Employer
- Query related to CA/CS/CMA Firm
- Value of Perquisite Sec.10 (10CC)
- NRI get transferred fund from his own Indian account to his foreign US account without any approval
- TDS short payment of Rs 120 — how to adjust in new TRACES
- Automatic MIS from Tally ERP
- ITR-3 - How to show loss in 65(i) - (iii) under under Part A - P & L section and sub section 65?
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
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
