In February'22 there were some taxable inward supplies liable to reverse charge (RCM) . In GSTR-3B return of Feb'22 I am showing this in the 3.1 Table , and I shall pay this RCM also for Feb'22 while return filing . But my question is , can I take the ITC credit of this RCM (it falls under eligible category) in the Feb'22 return filing itself against my output Feb'22 liability ? Or I am not allowed to take this RCM ITC in Feb'22 , and i can take this ITC benefit in the next month's return ? Please clarify .
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RCM input credit taken on same month in GSTR 3B return
Replies (6)
Quick Summary
ITC taken same month, first RCM payed cash then take ITC taken same month also. RCM any time paid cash after taken ITC liability of payment
RCM ITC CAN BE TAKEN IN THE SAME MONTH IRRESPECTIVE OF PAYMENT IN NEXT MONTH. THIS IS BECAUSE RECEIVER OF SERVICES HAS TO GENERATE RCM INVOICE IMMEDIATELY ON RECEIPT OF SERVICE SHOWING GST. THIS DOCUMENT IS SUFFICIENT TO CLAIM ITC IN THE MONTH OF RECEIPT.
When returns filled that same month take then taken itc in that month also but one condition payed cash ledger than taken ITC in same month also, sir.
You can take ITC in the same month.
The condition of payment of RCM gets fulfilled because when you setoff the liabilities it simultaneously pays GST on rcm and takes ITC so therefore available.
Yes you can take ITC in the same month but after payment in same month
Short payment of RCM liability for F Y 2018-19 discharge in 2023-24. Whether we can claim the credit for the same in 2023-24
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