LATEST DETAILS

RCM was payable in last year but same was forgot to pay. so can we pay RCM in current year and take credit in current year by filing GSTR 9 with respective changes.Above matter is urgent so if possible please reply as soon as possible.

RCM was payable in last year but same was forgot to pay. so can we pay RCM in current year and take credit in current year by filing GSTR 9 with respective changes.
Above matter is urgent so if possible please reply as soon as possible.

Reply

ITC in respect of invoices pertaining to F.Y. 2017-18 can be claimed upto filing of GSTR-3B of current September month.

Therefore, firstly you have to mention it in GSTR-3B of current or subsequent month. And interest to be paid @ 18% from the due date of payment till the date of actual payment. Further, ITC can be claimed after making payment of tax.

GSTR -9 is an annual return, and it will contain the amounts which are already filed by taxpayer in monthly or quarterly return as applicable containing details of financial year 2017-18. 

Check Your Tax Knowledge
Youtube
Product Demo
Professional services available
Tax Lok English Viedo
Tax Lok Hindi Viedo

FOR FREE CONDUCTED TOUR OF OUR ON-LINE LIBRARIES WITH OUR REPRESENTATIVE-- CLICK HERE

FOR ANY SUPPORT ON GST/INCOME TAX

Do You Want To Take FREE DEMO Of Our GST/Income Tax Library.