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What can be done if rcm on gta is not paid in 2017-18?

Manjiri (GST Practitioner) (38 Points)

18 June 2019

One of my client did not pay RCM on GTA in 2017-18 due to misunderstanding of Notification of Cancellation of RCM after sept 2017. What is solution on this now?

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6 Replies

Twinkle Kihhan (64 Points)
Replied 18 June 2019

The same to be paid along with interest @ 18% for the delay made. Either in annual return or the subsequent month return

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CA Haritha Komma (Chartered Accountant) (1147 Points)
Replied 18 June 2019

Suggestible to pay through DRC 03 along with interest..

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Manjiri (GST Practitioner) (38 Points)
Replied 18 June 2019

Thank you for your reply! If we pay in annual return can we claim principle amount in next month as we do in regular RCM?

CA Haritha Komma (Chartered Accountant) (1147 Points)
Replied 18 June 2019

No. ITC of 17-18 cannot be availed now..

Manjiri (GST Practitioner) (38 Points)
Replied 18 June 2019

It won't be ITC it will be RCM which we will be paying now. Usually we pay rcm in this month and get it as itc in next month. My client has not paid RCM nor claimed ITC against it. Is there any provision for same in annual return?