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?
Sir, The registered person is under an inverted tax structure. The input tax is more than output tax liability.
1.Can he claim ITC in later months after september or Can he claim refund of ITC?
2. will there be any penalty in above case?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
