25 April 2020
While filing GSTR 1 & 3B of F Y 18-19 returns amount payable on inward supply on reverse charge was not shown and also input credit on inward supply on reverse charge was not considered
My question is can it be shown while filing GST Annual Return of F Y 18-19 and whether it will result in additional GST Tax Liability ?
26 April 2020
This query is quite complicated due to the fact that no invoice was generated for RCM supplies (assuming the supplier was unregistered). If you generate the invoice now you can pay taxes in the current FY although entry in books have been done in the previous FY. There will be a difference bu the same can be reconciled through GSTR-9C OR You can pay the tax with Annual Return of 2018-19 through DRC-03. The question on claiming ITC is still not clarified. Claiming of ITC is dependent on the tax invoice as per the act and the limitation till September month's return of the following FY is dependent on the date of invoice. I would advise you take proper legal opinion on this matter from your consultant.
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