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Reverse Charge Mechanism

RCM 197 views 8 replies
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5 Points Posted on 05 October 2017
when can RCM be reversed?
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On 05 October 2017 at 23:12 Report
Replies (8)
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118 Points Posted on 05 October 2017
next month
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On 05 October 2017 at 23:17
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Chartered Accountant
86505 Points Posted on 05 October 2017
Why RCM to be reversed....
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On 05 October 2017 at 23:23
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Chartered Accountant
86505 Points Posted on 05 October 2017
You can claim ITC of RCM in same month.
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On 05 October 2017 at 23:23
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5 Points Posted on 05 October 2017
there is a field in GSTR1 which say ITC reversed
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On 05 October 2017 at 23:34
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5 Points Posted on 05 October 2017
not in GSTR1.. its in FORM 3B
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On 05 October 2017 at 23:34
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Chartered Accountant
86505 Points Posted on 05 October 2017
When ITC not alliwed as per Sec 17.
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On 05 October 2017 at 23:55
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118 Points Posted on 06 October 2017
if u have rcm u should pay tax and same will be claimed in same month
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On 06 October 2017 at 09:36
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Consultant
1074 Points Posted on 06 October 2017
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
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On 06 October 2017 at 09:46


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