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


Manjiri (GST Practitioner)     18 June 2019

Manjiri
GST Practitioner 
 29 points

| My Other Post

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?
 

avater

Twinkle Kihhan   18 June 2019

Twinkle Kihhan

 4 likes  64 points

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The same to be paid along with interest @ 18% for the delay made. Either in annual return or the subsequent month return

1 Like
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CA Haritha Komma (Chartered Accountant)     18 June 2019

CA Haritha Komma
Chartered Accountant 
 76 likes  1132 points

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Suggestible to pay through DRC 03 along with interest..

1 Like

Manjiri (GST Practitioner)     18 June 2019

Manjiri
GST Practitioner 
 29 points

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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?

avater

CA Haritha Komma (Chartered Accountant)     18 June 2019

CA Haritha Komma
Chartered Accountant 
 76 likes  1132 points

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

Manjiri (GST Practitioner)     18 June 2019

Manjiri
GST Practitioner 
 29 points

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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?

avater

Pravin Mendse (Proprietor)     19 December 2019

Pravin Mendse
Proprietor 
 34 points

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


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