Rcm in GSTR3B and GSTR1

Sir

I request you pl help-

I filed GSTR1 under QRMP

I have purchse invoice of 26 march 21 and LR of transport is of 27 march 21 (under reverce charge) I received goods on 1april 21 with delivery invoice of transport for Fy 20-21,

 

 so reverse charge mai invoice kis month mai banega march/april.    itc of reverse charge ka credit kis month mai le sakta hu .   invoice under reverse charge, GST1 of march 21 main upload karna rah gaya he to usko kab upload kar sakta hu.  Rcm ka payment gstr 3B of march mai or april mai kar sakta hu ?  Such condition RCM credit kab le saktahu

 

Replies (3)
Quick Summary
This discussion clarifies the timing of Reverse Charge Mechanism (RCM) invoices, input tax credit (ITC) claims, and payments for the financial year 2020-21. It addresses scenarios where goods and transport invoices fall across the financial year boundary, advising on how to treat purchases as 'in transit' and when to claim ITC and pay RCM liabilities, typically in the period the payment is made or goods received.

Time Of Supply in case of Services: In case of reverse charge, the time of supply shall be the earliest of the following dates: a) The date of payment b) The date immediately after 60 days from the date of issue of invoice by the supplier If you have made payment to the transporter in March, you may consider the same for March itself.
Thanks for FY 20-21 no RCM invoice issued all left issued so in such case how to treat, goods and transport invoice received on 1 april21 of goods supplied on 26 MArch21 all liabilities and itc treat fy wise ?? how to treat this RCM invoice left unissued and itc not utilised and payment of RCM not paid

You may make purchase entry during last FY and treat the goods as IN TRANSIT. You may avail ITC on purchase during April 2021. Further, since you have paid the transporter in April 2021, you may create RCM liability during April and avail ITC too during April.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details