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Reverse charge
what's the time period for utilization of Reverse charge input
Replies (4)
Quick Summary
In the same month....
It's mean if we pay rcm related tax payment in the month of Feb-20 (from 1st Feb to 29th Feb 20) then we will be pay at the time of filling GSTR 3B return for the month of Feb-20 on or before 20th Mar-20.
We can claim that in the same return...
It's mean if we pay rcm related tax payment in the month of Feb-20 (from 1st Feb to 29th Feb 20) then we will be pay at the time of filling GSTR 3B return for the month of Feb-20 on or before 20th Mar-20.
We can claim that in the same return...
Once u claim it , u can use it any time.
remember for claim u have to do it in within 1yr from date of payment
remember for claim u have to do it in within 1yr from date of payment
What if we are not having any output liability ? will rcm input will be carried forward to next month?
Yes... After claim the ITC then it will C/f to next month return if it's not utilized...
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