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RCM Requirements

P Krishnamurthy (35 Points)

21 November 2019

Kindly tell me what are the basic requirements for RCM documents like GTA etc for verification.

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5 Replies

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 21 November 2019

For GTA you need Bilty (GR)

P Krishnamurthy (35 Points)
Replied 22 November 2019

Any time frame for availing GST credit in respect of GTA invoices.

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 22 November 2019

no... there is time limit prescribe in section 13(3) , the date of payment or 60 days from the date of issue of invoice , which ever is earlier

Mahadeva Mkd (7 Points)
Replied 22 November 2019

Sec 13 sub section 3 is for determining the time of supply, to pay the GST on inputs on RCM basis. this section is not a restriction or time limit for availing ITC credit. ITC can be availed till September of subsequent years.

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 23 November 2019

The ITC on RCM can be only claim after being paid into cash ledger Let's suppose if the provision of RCM is done & paid in FY 2018-19 , but Credit has not claim for the same , then the time limit to claim such credit is upto September 2019 or annual return filed whichever is earlier.

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