PAYMENT OF RCM under gst

Under the Reverse Charge Mechanism (RCM), the recipient of goods or services is liable to pay GST.

When you raise a self-invoice bill, you're acknowledging your liability to pay GST under RCM.

To claim Input Tax Credit (ITC), you should pay the GST under RCM and then claim the ITC in your GST return.

Here's the correct sequence:

1. *Raise self-invoice bill*: Raise a self-invoice bill, declaring the GST liability under RCM.

2. *Pay GST under RCM*: Pay the GST amount immediately after raising the self-invoice bill. This payment can be made through the GST portal or through a bank.

 3. *Claim ITC*: Claim the ITC in your GST return (GSTR-3B) for the same tax period in which you paid the GST under RCM.

Remember to maintain accurate records of the self-invoice bill, GST payment, and ITC claim to ensure smooth compliance and avoid any potential issues.

Yes, please claim your ITC