narendra
(Accountant)
(258 Points)
Replied 30 December 2020
RCM liability not declared, that means same is not paid and therefore it's ITC also not availed in 18-19.
Assuming you reported above liability, paid the same and availed it's ITC in next year 19-20, you have to show all this in 19-20's GSTR-9 (it's reporting is Not to be done in 18-19 GSTR-9).
MAYANC HAVELIWALA
(18 Points)
Replied 30 December 2020
narendra
(Accountant)
(258 Points)
Replied 30 December 2020
If expense attracting reverse charge was booked in an earlier month and rev chg liability was not declared in that month then yes, you need to pay 18% interest.
CAclubindia
