Can we claim ITC in GSTR 3B on the tax paid on supplies received on reverse charge basis. For example, GTA services on transportation of goods.
If yes, kindly confirm whether my understanding is right?
In April Rs 1000 GST is incurred on RCM basis.
In the GSTR 1 for April, we have to admit the RCM liability in GSTR-1 in Table 5.
In the GSTR 3B for April, we have to pay the amount thru electronic cash ledger
In the GSTR 3B for May, we can claim the ITC of 1000.
Right?
CAclubindia
