RCM not declared but claimed

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7 Points Posted on 14 May 2021

Q4 I missed to declare RCM ITC in GSTR-3B at col.3.1.(d) but claimed in col.4(3) under eligible ITC against cash payment.

Do i declare RCM in the next Q1 or in Annual return ?

Thanks

 

 

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On 14 May 2021 at 20:06 Report
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Quick Summary
If you've missed declaring Reverse Charge Mechanism (RCM) Input Tax Credit (ITC) in your GSTR-3B but have claimed it, you'll need to rectify this. The recommended approach is to declare it in the next quarter's return and pay any applicable interest. You may also need to consider using the DRC-03 option for payment and adjustment.

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Practising CA
8954 Points Posted on 15 May 2021
Declare in next quarter and pay the interest. You should also look at DRC 03 option.
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On 15 May 2021 at 00:50
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1388 Points Posted on 15 May 2021
You can declare in next month return
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On 15 May 2021 at 08:57
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Direct & Indirect Taxation professional
110 Points Posted on 15 May 2021

You should pay and adjusted against DRC03

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On 15 May 2021 at 09:50

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