RCM PAID IN SEMPTEMBER MONTH FOR F.Y. 2017-18

This query is : Resolved

Neha JAIN (Querist)
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19 November 2019 IN GSTR -9 AND GSTR-9C WHERE TO GIVE EFFECT OF RCM PAID AND CREDIT TAKEN THEREOF IN SEPTEMBER 2018 FOR F.Y 2017-18

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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21 November 2019 Reverse charge in respect of Financial Year 2017-18 paid during Financial Year 2018-19: Many taxpayers have requested for clarification on the appropriate column or table in which tax which was to be paid on reverse charge basis for the FY 2017-18 but was paid during FY 2018-19. It may be noted that since the payment was made during FY 2018-19, the input tax credit on such payment of tax would have been availed in FY 2018-19 only. Therefore, such details will not be declared in the annual return for the FY 2017-18 and will
3rd July 2019
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be declared in the annual return for FY 2018-19. If there are any variations in the calculation of turnover on account of this adjustment, the same may be declare through GSTR-9C.
[ source- press release dated 3.7.19]