RCM - GTA invoice is older than 6 months

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6 Points Posted on 09 October 2020
Hi
I have query regarding RCM GTA,
transporter invoice dated 31.03.20. I received it in month of Oct 20. So can I consider it for rcm or not?
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On 09 October 2020 at 12:27 Report
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This discussion addresses a query about claiming Reverse Charge Mechanism (RCM) on a GTA invoice dated March 31, 2020, which was received in October 2020. While RCM can be paid and shown in September 2020 returns, interest may apply from June 2020 according to GST rules regarding the 90-day payment period.

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Sr.Officer Accounts
250 Points Posted on 09 October 2020
You can pay RCM and show in Sep 20 retuns
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On 09 October 2020 at 21:50
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156 Points Posted on 10 October 2020
But u need to pay interest w.e.f. Jun 20 as per gst rule of 90 days payment
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On 10 October 2020 at 21:29

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