REVERSE CHARGES

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Assistant
362 Points Posted on 25 December 2020
Dear Sir

in current month December during filing GSTR3B i have deposit RCM Rs.6000 because got the service from transporter and Same claimed in 3B . Today I download GSTR 2A and seen that Rs.6000 reflect in my 2A under reverse charges Yes. and mention the Name of transport agency . it means transporter also deposit the Rcm. Can I claim the ITC on which reflect in my 2A under reverse charges
please suggest
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On 25 December 2020 at 16:09 Report
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Quick Summary
This discussion clarifies whether you can claim Input Tax Credit (ITC) on Reverse Charge Mechanism (RCM) payments made in your GSTR 3B. If you paid RCM on services received and the amount reflects in your GSTR 2A, you can indeed claim the ITC. The reflection in GSTR 2A indicates the supplier has declared the outward supply, even though the liability to pay the tax falls on you under RCM.

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Providing consultancy in the area of ind
7042 Points Posted on 25 December 2020

Yes , you can claim ITC on the amount of RCM tax paid by you.Your transporter has not paid the tax.

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On 25 December 2020 at 18:11
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Practicing Chartered Accountant
959 Points Posted on 26 December 2020
The invoice is reflecting in your GSTR 2A because the supplier has mentioned the same as it's outward supplies liable to reverse charge.
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On 26 December 2020 at 23:14
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Providing consultancy in the area of ind
7042 Points Posted on 27 December 2020

They have to declare their outward supply but their supply is liable for reverse charge so they do not pay tax.

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On 27 December 2020 at 10:05

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