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RCM credit...

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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6 Replies

Saurav Bhattacharya (258 Points)
Replied 30 July 2018

RCM is related to which month

1 Like

Sumit Gupta (120 Points)
Replied 30 July 2018

March 18

Saurav Bhattacharya (258 Points)
Replied 30 July 2018

yes you can take benift of RCM in the month of march

CA Shivam Arora (Chartered Accountant) (2414 Points)
Replied 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.

Sumit Gupta (120 Points)
Replied 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??