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ITC for the RCM amount paid
I am not able to avail ITC for the RCM amount paid for the month of December 2020. During the return filing, when i claim the ITC its showing as red. Please advise.
Replies (3)
1) For RCM you have to prepare Self Invoice as per section 31(3) (f) of the CGST act 2017 .
2) Same Invoice should reflect in GSTR 2B to Claim ITC .
Red because of RCM is not reflected in GSTR 2B , Just Check GSTR 2B .
In case of rcm pay and take ITC. Ignore the red box. No adverse consequences since you are paying the tax
you have to enter amount and it get RED >> save >> file the return (because ITC claim in the name of RCM is not reflected in GSTR_2A
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