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Reverse Charge Mechanism
when can RCM be reversed?
Replies (8)
next month
Why RCM to be reversed....
You can claim ITC of RCM in same month.
there is a field in GSTR1 which say ITC reversed
not in GSTR1.. its in FORM 3B
When ITC not alliwed as per Sec 17.
if u have rcm u should pay tax and same will be claimed in same month
RCm can also be claimed in same month.
ITC which is not eligible and has to be reversed u/S 17 has to be reversed through this row
ITC which is not eligible and has to be reversed u/S 17 has to be reversed through this row
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