Hello
Have paid RCM liability (for expenses) for my clients for the month of july 17 but the ITC for the same is not yet reflected in electronic cash ledger.
plz help me in this regard.
How can I use the ITC for RCM paid in july 17 for month of Aug 17 ?
As per provisions- RCM paid on expenses can be utilised as ITC in the next month. By that logic RCM paid on exp of july should reflect in electronic credit ledger. But the same is not reflected. hence I am not able to use it for Aug 17. plz help
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RCM paid on expenses- the same is not reflected in electronic credit ledger for utilisation in next month.
Replies (11)
Dear Sameer.,
Please tell me some details...!
Are you filed your GSTR 3B in July...?
Are filed your GSTR 1, 2 and 3...?
Are you prepare / file your GSTR 3B in August...?
Please tell me some details...!
Are you filed your GSTR 3B in July...?
Are filed your GSTR 1, 2 and 3...?
Are you prepare / file your GSTR 3B in August...?
1) yes I have filed my gstr-3b & gstr-1 for july.
I have not filed gstr-2 & 3 for july as its due date has not yet approached.
2) now I m preparing gstr-3b for aug for which I am not able to utilise the itc of gst paid on exp by rcm for the month of july.
I have not filed gstr-2 & 3 for july as its due date has not yet approached.
2) now I m preparing gstr-3b for aug for which I am not able to utilise the itc of gst paid on exp by rcm for the month of july.
did u show both RCM output and the RCM input in 3b
yes sir
@ sameer.,
What is your exact July return values include RCM related payment...?
In my view.,
We ll complete our first return then only all ITC amount carried to next month. So, wait and see...!
Also do not forget to mention the invoice-wise details of same in GSTR-2!
Yes sure
Thank you for the help !! :)
Thank you for the help !! :)
You are welcome...
Good Luck...
Good Luck...
FILL DETAILS IN PART 4B OF GSTR 2 (INWARD SUPPLIES RECEIVED FROM UNREGISTERED SUPPLIER (REVERSE CHARGE). AFTER FILLING GSTR 2 & 3 , YOU WILL GET CREDIT.
BUT DUE DATE OF GSTR 3 B IS 20 SEP , SO I SUGGEST THAT PAY THE TAX NOW WITHOUT DEDUCTING THE CREDIT OF REVERSE CHARGE TAX PAID. THAT CREDIT WILL BE AUTOMATICALY REFLECTED IN YOUR CREDIT LEDGER LATER
The ITC credit for GST paid on RCM for July has to be shown in 3B for August under Column A(3) in the tile 4. Eligible ITC
Thanks alot Girish sir for the update :)
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