GST on Reverse Charge Mechanism

If GST on Inward Supplies liable to Reverse Charge Mechanism was not paid and booked in the books of accounts of F.Y. 2017-18, and it was detected at the time of filing of GSTR 9 & 9C, then the same can be paid through DRC-03 (as an additional liability), but whether same can be claimed as Input Tax Credit in the same Annual Return or 9C or in the subsequent year? 

Replies (6)

No you can not  claim  , because  last for  claiming  ITC was 31/3/2019 as per  notification . please confirm with others also. 

Yes, it has been mentioned that Unclaimed ITC cannot be taken, so just wanted to know whether ITC on Reverse Charge Mechanism was "Unclaimed", even when i have not paid the same before 31.03.2019?

 

 

No...
Liability will be paid as per unpaid RCM tax. And You can't claim its as the same...

Any other views?

 

" Reverse charge in respect of Financial Year 2017-18 paid during Financial Year 2018-19: Many taxpayers have requested for clarification on the appropriate column or table in which tax which was to be paid on reverse charge basis for the FY 2017-18 but was paid during FY 2018-19. It may be noted that since the payment was made during FY 2018-19, the input tax credit on such payment of tax would have been availed in FY 2018-19 only. Therefore, such details will not be declared in the annual return for the FY 2017-18 and will be declared in the annual return for FY 2018-19. If there are any variations in the calculation of turnover on account of this adjustment, the same may be reported with reasons in the reconciliation statement (FORM GSTR-9C)."

Quoting the Clarification issued by Govt, regarding ITC on RCM, now we can claim ITC, if we have paid in the current financial year for F.Y. 2017-18, and declare the same in Annual Return of F.Y. 2019-20.

Please clarify my view on this subject.

You cannot claim ITC now.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
12 November 2026
Auditor

Oz Taxation

Vijayawada

Graduate (Any)

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 November 2026
Article Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details