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RCM claim

MOHAMMAD SAGHIR ADIL (108 Points)

02 October 2017

i paid 5% reverse charges in july

can i claim this 5% back as itc in july month in gstr2??

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42 Replies

NITIN MANGLA (ACCOUNTANT) (278 Points)
Replied 02 October 2017

some peoples charge in same month but my opinion is you just claim july month rcm in august month gstr2

NITIN MANGLA (ACCOUNTANT) (278 Points)
Replied 02 October 2017

but same month claim procedure is wrong

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 02 October 2017

Yes you can claim in July.

Same is clarified by GST Deptt also.

Poonamchand Varma ( Student) (204 Points)
Replied 02 October 2017

No..Input tax credit is available as Itc only after filing of gstr 3 of the month in which u have paid rcm tax....so it will be allowed in next return period....

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 02 October 2017

But same is clarified already

PRADEEP KUMAR (CHIEF EXECUTIVE) (106 Points)
Replied 02 October 2017

there is any notification / press release please provide

RAJA P M ("Do the Right Thing...!!!") (127167 Points)
Replied 02 October 2017

Originally posted by : MOHAMMAD SAGHIR ADIL
	i paid 5% reverse charges in julycan i claim this 5% back as itc in july month in gstr2??

You can claim as ITC on Next Month...

NITIN MANGLA (ACCOUNTANT) (278 Points)
Replied 02 October 2017

dear rashmi,

how you said that claim rcm on same month according to clarification by gst department is clear. rcm you paid on which month you claim rcm on the same month.

exp. if you pay rcm in month of aug for the m/o july then you claim rcm in m/o august return.