RCM liability of earlier periods

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C.A.
110 Points Posted on 14 July 2020
Our company has paid RCM related to March20 was paid in July 20.Pl advise 1.How to show in GSTR3B of July20. 2.How to show this GSTR1 of July20 as we are not finding any head in GSTR1 to show this. Thanks
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On 14 July 2020 at 15:51 Report
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This discussion addresses how to report Reverse Charge Mechanism (RCM) liability that was paid in July 2020 but related to March 2020. The advice clarifies that RCM pertains to inward supplies and should not be shown in GSTR-1. Instead, the input tax credit (ITC) for RCM should be claimed in Table 4 of the GSTR-3B for the current period (July 2020).

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4215 Points Posted on 14 July 2020
Your company deals with goods or services
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On 14 July 2020 at 17:01
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Consultant
1891 Points Posted on 14 July 2020

RCM not to be shown in GSTR 1 because it pertains to inward supply.

 

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On 14 July 2020 at 17:05
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1313 Points Posted on 14 July 2020
The person need to claim ITC in respect of RCM in Table 4 of GSTR3B.
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On 14 July 2020 at 18:22
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C.A.
110 Points Posted on 14 July 2020

How to reflect  it in GSTR3B  of the current period 

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On 14 July 2020 at 19:18
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C.A.
110 Points Posted on 14 July 2020

How to reflect  it in GSTR3B  of the current period 

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On 14 July 2020 at 19:18

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