ITC of tax paid under RCM - urgent

ITC / Input 301 views 2 replies

Akshay

Finance

31 Points Joined September 2019

A registered person received GTA services (for transport of some taxable goods and some exempted goods) during FY 2018-19. The GTA didn't charge any gst in their invoices. The recepient who is a registered person did not pay tax under RCM during FY 2018-19.

1. Can he pay RCM tax now ie filing GSTR 3B return for september 2019 month (by 20 oct 2019)?

2. Please tell where it should be shown in the return?

3. will there be any interest ?

4. can it be claimed as ITC from electronic credit ledger?

Replies (2)

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

1. Can he pay RCM tax now ie filing GSTR 3B return for september 2019 month (by 20 oct 2019)?

- Yes... You can show it.

2. Please tell where it should be shown in the return?

- Under Rcm supply column in 3.1

3. will there be any interest ?

- Yes... 18 percent.

4. can it be claimed as ITC from electronic credit ledger?

- Yes... ITC can be avail on or before September 19 GSTR 3B return.