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What can be done if rcm on gta is not paid in 2017-18?

RCM 737 views 6 replies
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GST Practitioner
38 Points Posted on 18 June 2019

One of my client did not pay RCM on GTA in 2017-18 due to misunderstanding of Notification of Cancellation of RCM after sept 2017. What is solution on this now?
 

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On 18 June 2019 at 17:47 Report
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64 Points Posted on 18 June 2019
The same to be paid along with interest @ 18% for the delay made. Either in annual return or the subsequent month return
1 Reply
On 18 June 2019 at 19:32
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Chartered Accountant
1147 Points Posted on 18 June 2019

Suggestible to pay through DRC 03 along with interest..

16 Reply
On 18 June 2019 at 21:21
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GST Practitioner
38 Points Posted on 18 June 2019
Thank you for your reply! If we pay in annual return can we claim principle amount in next month as we do in regular RCM?
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On 18 June 2019 at 21:32
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Chartered Accountant
1147 Points Posted on 18 June 2019

No. ITC of 17-18 cannot be availed now..

16 Reply
On 18 June 2019 at 21:41
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GST Practitioner
38 Points Posted on 18 June 2019
It won't be ITC it will be RCM which we will be paying now. Usually we pay rcm in this month and get it as itc in next month. My client has not paid RCM nor claimed ITC against it. Is there any provision for same in annual return?
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On 18 June 2019 at 21:44
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Proprietor
34 Points Posted on 19 December 2019

What if cotton lint purchase, is RCM applicable for cotton lint?

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On 19 December 2019 at 13:50


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