RCM DEPOSIT

hi, can we deposit the rcm of march 2021 in may 2021.
Replies (4)
Quick Summary
This discussion clarifies whether a Reverse Charge Mechanism (RCM) deposit for March 2021 can be made in May 2021. While it is possible to make the payment, an interest of 18% per annum will be applicable for the delayed payment. It's advised to check specific GSTR 3B filing guidelines for availing Input Tax Credit (ITC).

Yes, you can pay the RCM in April month gstr 3b and avail the itc
Any penalty or late fee?
Interest for delayed payment @ 18% pa would be applicable
Yes you can pay but Interest will be applicable

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