i paid 5% reverse charges in july
can i claim this 5% back as itc in july month in gstr2??
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RCM claim
Replies (42)
some peoples charge in same month but my opinion is you just claim july month rcm in august month gstr2
but same month claim procedure is wrong
Yes you can claim in July.
Same is clarified by GST Deptt also.
Same is clarified by GST Deptt also.
No..Input tax credit is available as Itc only after filing of gstr 3 of the month in which u have paid rcm tax....so it will be allowed in next return period....
But same is clarified already
there is any notification / press release please provide
| Originally posted by : MOHAMMAD SAGHIR ADIL | ||
 |
i paid 5% reverse charges in julycan i claim this 5% back as itc in july month in gstr2?? |  |
You can claim as ITC on Next Month...
dear rashmi,
how you said that claim rcm on same month according to clarification by gst department is clear. rcm you paid on which month you claim rcm on the same month.
exp. if you pay rcm in month of aug for the m/o july then you claim rcm in m/o august return.
how you said that claim rcm on same month according to clarification by gst department is clear. rcm you paid on which month you claim rcm on the same month.
exp. if you pay rcm in month of aug for the m/o july then you claim rcm in m/o august return.
Please check on Twitter on such same is clarified by deptt
i am asking too rashmi july month rcm take input in august month return
Unable to understand what you want to ask
The input of RCM is eligible only in that month return in which the tax is paid
i already reply in my previous message with example but rashmi not understand.
Dear Rashmi,
If you Book a rent Rs. 10000 under RCM in M/o July then you Pay 18% RCM in m/o August.
After payment you take Input of above RCM in M/o August GSTR2 return.
Now i think you understand.
Same will be available in July month.....
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