RCM DEPOSIT

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709 Points Posted on 23 April 2021
hi, can we deposit the rcm of march 2021 in may 2021.
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On 23 April 2021 at 14:06 Report
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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).

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1388 Points Posted on 23 April 2021
Yes, you can pay the RCM in April month gstr 3b and avail the itc
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On 23 April 2021 at 14:37
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709 Points Posted on 23 April 2021
Any penalty or late fee?
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On 23 April 2021 at 14:39
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CMA
13117 Points Posted on 23 April 2021
Interest for delayed payment @ 18% pa would be applicable
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On 23 April 2021 at 16:43
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Chartered Accountant
24588 Points Posted on 23 April 2021
Yes you can pay but Interest will be applicable
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On 23 April 2021 at 17:13

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