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RCM credit...

ITC / Input 301 views 6 replies
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120 Points Posted on 30 July 2018
If I am filing GST 3B return for the month of March 18 in the month of July'18 and i will pay GST in July.. then can in take input credit in the month of March or i have to wait till the return of July'18
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On 30 July 2018 at 18:45 Report
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258 Points Posted on 30 July 2018
RCM is related to which month
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On 30 July 2018 at 18:47
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120 Points Posted on 30 July 2018
March 18
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On 30 July 2018 at 18:54
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258 Points Posted on 30 July 2018
yes you can take benift of RCM in the month of march
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On 30 July 2018 at 18:55
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2414 Points Posted on 30 July 2018

Only after making RCM payment you will be able to take the credit. If you will pay the RCM liability and show it in July return, then you can take the credit in the month of August.

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On 30 July 2018 at 19:30
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120 Points Posted on 30 July 2018
I think, I didnt explained well...
I am filing GSTR3B for the month of Mar18 today.. and need to pay RCM liability...
Can i show input credit of RCM in the return for the month of march or i have to wait till July return??
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On 30 July 2018 at 19:41
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Chartered Accountant
2414 Points Posted on 30 July 2018
Yes you can show it in the return of march-18.
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On 30 July 2018 at 19:44


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