Reverse charge mechanism
This query is : Open
29 August 2017
Hi,
We have taken an Goods transport Agency for july month and we have filed GSTR3B and paid under reverse charge Tax and on the same month we have taken input on same(ITC).
Whether ITC for reverse is claimable on same or on Next Month. In these case in July or august???
We have taken an Goods transport Agency for july month and we have filed GSTR3B and paid under reverse charge Tax and on the same month we have taken input on same(ITC).
Whether ITC for reverse is claimable on same or on Next Month. In these case in July or august???
CA Rashmi Gandhi
(Expert)
29 August 2017
In same month i.e. July.
29 August 2017
Thank you madam... We need to pay tax in same month and claim input tax credit on same month on transport agency bills
29 August 2017
In my view...
RCM related payments and it's ITC no more effects on any way....
We can adjust just the RCM liability to URD received supplies only. It's not effected any other liabilities.....
29 August 2017
I think it's just follow as per Depreciation method only.....
So, No more effects...
Advisable for don't be transact from URD...
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