If I have paid RCM liability in f.y 2018-19( liability related fot 2017-18) so how to treat in GSTR 9? Where will the impact in GSTR 9?
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Quick Summary
This discussion addresses how to correctly report Reverse Charge Mechanism (RCM) liability in GSTR 9, specifically when the payment was made in FY 2018-19 for the 2017-18 financial year. The key point is that RCM paid should be declared in Table 4G of GSTR 9. It also touches upon a scenario where RCM was deposited under CGST & SGST in 2017-18 but was actually IGST, with adjustments made in 2018-19, and how this impacts GSTR 9 reporting.