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ITC OF RCM CLAIM

ABHI (ACCOUNTANT) (61 Points)

19 March 2018

Please let me know the column of RCM Claim as ITC in GSTR 3B for previous month. i.e For the month of Jan 2018.

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14 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 19 March 2018

In column of

4. Eligible ITC

(A) ITC Avialable (whether in Full or Part)

(3) Inward Supplies liable to reverse charge (Other Than 1 & 2)

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Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 19 March 2018

Table 4 (eligible ITC) row A (3)

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 19 March 2018

AGREED WITH RAJA G & PANKAJ G !!

ABHI (ACCOUNTANT) (61 Points)
Replied 19 March 2018

But sir when I put the amount of above mentioned column then current month RCM liability would be NIL. THEN??

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 19 March 2018

but u can't set-off without payment of rcm

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ABHI (ACCOUNTANT) (61 Points)
Replied 19 March 2018

its very confusion. please clearify....
I put the RCM input amount (say Rs1000) into Table 4 (eligible ITC) row A (3) for the month of Jan 18 and RCM liability amount (say Rs.800) for the month of Feb 18 put into column 3.1 row (d). so how do the liability amount of Rs.800 to be paid?

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 19 March 2018

I think You are wrongly enter the values in reversed Column. I mean your 1st month (Jan-18) values will be entered in (3.1 - (d)) then you can pay it with Cash payments..... After the next month You ll be reverse the same value in column no ( 4 (A) (3))......

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 19 March 2018

In case you have any more doubts you ll show your values of RCM. Then we will reply as per your requirements...

ABHI (ACCOUNTANT) (61 Points)
Replied 20 March 2018

Suppose I fill the return for Feb 18 and Rs.1500 tax arises under rcm for Feb. And for Jan I had paid Rs.1800 tax under rcm. now I fill the amount of Rs.1500 in (3.1 - d) and Rs.1800 in (4 - A (3)). Now my payable amount shown -300, so How do I pay the Rcm amount of Rs.1500 for Feb 18??

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 20 March 2018

Dear abhi

1500+1800=3300 so u have to show 3300/- in Table 3.1 (d)

1500+1800=3300/- u have to show in Table 4 row A(3)

now fine ☺️

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Naveen N (surfing) (29 Points)
Replied 20 March 2019

Hi there,

We have paid and showed as it in inward supply liable to RCM 3.1(d) & also shown in ITC eligible 4(a). Now the question where do I claim it in next month. is it auto populate in GSTR2!!!