RCM Payment

A healthy & active discussion made concept more clear.Even GST Tech didnt clear the above query so how can we do so. We only assume.

bhai log larte raho, plz don't atop, maza aa raha hai

No one is fighting here Parmeshwar Verma.........

We are just discuss ing...

rashmi g, its a new law and the opinions can differ, i m just trying to lighten the things

Raja PM Said is right...

i.e. we can adjust the RCM Credit after payment of RCM and Filling of Return

It will be adjusted in next month against Outout Tax on Sales.

The Credit will not settle in the same month.

It can be adjusted in same month also. Try it in return.

Clarified on twitter by gst tech that ITC on RCM claimed in same month....

See this attached answer from gst twitter handle

Dear Friends / Tax Consultants / Participants / Others...

I'm sorry to say misunderstanding for any laws and rules in GST. Bcoz, I get knowledge from Books and GST portal's downloading. But, I don't think / get PRACTICAL KNOWLEDGE in GST. Also I face the GST in India only. Not face in Malaysia and Other GST implemented Countries....

So, What I says / request here...

Who is get practical knowledge for above said way (query)... Please post here your practical adjustments of above with screen shot...


Also we can get experience for your help...

Thanks & Regards
RAJA P M...

for that you have to file a return with above type of data

I will start filing of sep gstr3b. I will give you my computer access you can see how it is done

Raja. Practical aspect means while filing 3B credit is available for pàyment made in august.

CA Rashmi Gandhi.,
You know the RCM related liability in 3.1 column and it's automatically (autopopulated - Not editable) debited in 6.1 reverse charge (part II)

Yes........

So credit available in same month.