I had paid transport expenses in month of January 2023.
now the RCM had been seen in portal in 2b.
now how to pass rcm entry in current year.
please elaborate detail .
3 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 18 May 2023
If you have book the expenses in Jan 23 & paid the RCM for the same then not required to consider it again.
Yes if you have not done so... then need to book the expenses in Jan 23 only & create the RCM liability in January & report it in your current GSTR-3B .
Note : Such RCM need to reported in annual return in fy when it is paid. Same has been clarified in Press releases dt. 3/7/2019
Yes if you have not done so... then need to book the expenses in Jan 23 only & create the RCM liability in January & report it in your current GSTR-3B .
Note : Such RCM need to reported in annual return in fy when it is paid. Same has been clarified in Press releases dt. 3/7/2019
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