Reversal of excess RCM claimed

I had claimed excess ITC against RCM and in my recent GSTR-3B i reversed it in 4A(3) showing negative value but as per Tax liability & ITC comparison chart downloaded from GST portal, this reversal is not showing any impact in these statements.

Please suggest how do i revert it ?

Thanks in advance !

 

Replies (3)
Quick Summary
A user incorrectly claimed excess Input Tax Credit (ITC) under Reverse Charge Mechanism (RCM) and reversed it in their GSTR-3B. However, this reversal isn't reflecting on the GST portal's comparison statements. The advice given is that RCM liability must be paid in cash, not via ITC. The user may need to reduce their next GSTR-3B claim by the excess RCM amount and pay applicable interest.

You have to pay RCM liability in Cash only , meaning thereby only through Electronic Cash ledger , without availing ITC . 

Thank you Mr Prasad !!

You may less claim this differential RCM amount in next GSTR 3B and pay interest on the said excess RCM ITC.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details