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Reverse charge Input!

zanis 0071 (68 Points)

19 August 2021

what is the reason for taking RCM input next month??

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prasad Nilugal ( GST Practitioner & Accounts ) (14593 Points)
Replied 19 August 2021

You have to prepare self Invoice in case of RCM and file GSTR1 , same will be reflected. in 2A/2B in the next month , also payment of tax in Govt account on rcm , these are reasons for taking RCM credit in the next month.

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Rajendra Prasad (Employee Private) (1846 Points)
Replied 19 August 2021

It means Vendor also providing Invoice against his supplies and submitting his return in next month only. There also we have to take input in next only.?