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RCM U/S 9(3) Scrap Supply
Certain RCM liability for the FY 2017-18 is not paid till date covered u/s 9(3) scrap and waste supply of reverse charge. Now during the course of GST audit, the liability is identified and the client is willing to pay. My question is can we take input of the same in FY 2019-20 or anywhere so input avail. I very well understand that there is a time limit till 31/03/2019 to claim inputs. However this is a different case as my eligibility to claim input arises only upon payment of RCM in cash. I am trying to take a stand that time limit for claiming ITC does not apply to belated tax paid under RCM. Need your inputs. Kindly Suggest what best possible way for it
Replies (3)
Hi Naveen,
Even my stand is same. RCM Input is linked with RCM output so the month you declare your output rcm liability to be consider for time limit calculatuon purpose.
Additional point to be consider is on rcm output liability interest is applicable dor delay
Even my stand is same. RCM Input is linked with RCM output so the month you declare your output rcm liability to be consider for time limit calculatuon purpose.
Additional point to be consider is on rcm output liability interest is applicable dor delay
Can i give all effect in sep 2019 gstr 3b or whst else kindly send me msg your contact no. on 9799648484 so doubt resolve
If you have already filed previous month return then show everything in sep return only. any ways interest amount will be same.
in my view no need to deffer further.
note this transaction as a reconciliation item in annual return.
in my view no need to deffer further.
note this transaction as a reconciliation item in annual return.
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