i paid 5% reverse charges in july
can i claim this 5% back as itc in july month in gstr2??
RCM claim
MOHAMMAD SAGHIR ADIL (108 Points)
02 October 2017
42 Replies
NITIN MANGLA
(ACCOUNTANT)
(278 Points)
Replied 02 October 2017
some peoples charge in same month but my opinion is you just claim july month rcm in august month gstr2
NITIN MANGLA
(ACCOUNTANT)
(278 Points)
Replied 02 October 2017
but same month claim procedure is wrong
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 02 October 2017
Yes you can claim in July.
Same is clarified by GST Deptt also.
Same is clarified by GST Deptt also.
Poonamchand Varma
( Student)
(204 Points)
Replied 02 October 2017
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....
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 02 October 2017
But same is clarified already
PRADEEP KUMAR
(CHIEF EXECUTIVE)
(106 Points)
Replied 02 October 2017
there is any notification / press release please provide
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 02 October 2017
| 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...
NITIN MANGLA
(ACCOUNTANT)
(278 Points)
Replied 02 October 2017
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.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 02 October 2017
Please check on Twitter on such same is clarified by deptt
NITIN MANGLA
(ACCOUNTANT)
(278 Points)
Replied 02 October 2017
i am asking too rashmi july month rcm take input in august month return
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 02 October 2017
Unable to understand what you want to ask
PRADEEP KUMAR
(CHIEF EXECUTIVE)
(106 Points)
Replied 02 October 2017
The input of RCM is eligible only in that month return in which the tax is paid
NITIN MANGLA
(ACCOUNTANT)
(278 Points)
Replied 02 October 2017
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.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 02 October 2017
Same will be available in July month.....
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