Menu
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
Recent Topic
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
- Tds on deceased's pan
Related Topics
CAclubindia
