RCM Tax Paid

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Student
90 Points Posted on 05 September 2020
Hi All

I have skipped to show the Tax paid under RCM in GSTR 3B (June). Tax paid under RCM is showing in cash ledger as liability was not shown. So how can we rectify? Is interest applicable for this?

Thanks In advance 🙏
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On 05 September 2020 at 11:50 Report
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Quick Summary
A user has mistakenly omitted reporting and paying Reverse Charge Mechanism (RCM) tax in their GSTR 3B for June. The tax paid under RCM is appearing in the cash ledger, but the liability wasn't declared. They are seeking advice on how to correct this error and whether interest is applicable. The response confirms that failing to report RCM tax means an unpaid GST liability, advising prompt payment with any applicable interest.

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Manager-Accounts & GST Consultant
5124 Points Posted on 05 September 2020

If you have skipped RCM payable in GSTR-3B that means you have liability of GST which you have not paid.

Kindly pay it as soon as possible with applicable interest.

1 Reply
On 05 September 2020 at 12:16
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Student
90 Points Posted on 05 September 2020
Thank You
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On 05 September 2020 at 12:19

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