if for the year 17-18 reverse charge on freight is not paid yet ,for eg Rs 10,000 .
Now in GSTR 9 Annual return if we pay that amount now that is in FY 19-20 during filing annual return ,can we take itc on RCM - 10000 (in our example) now in 19-20.
do we have to pay interest on that 10000 or not?
Can we take itc on RCM - 10000 (in our example) now in 19-20...?
- No. ITC not available as time limit (& due date) expired...
do we have to pay interest on that 10000 or not?
- Yes... Interest applicable only the payable amount.
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