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issue ID: - 115970 RCM AMOUNT NOT TAKEN IN RCM ITC COLUM, Goods and Services Tax - GST

Issue Id: - 115972
Dated: 4-2-2020
By:- KAPIL JAIN
issue ID: - 115970 RCM AMOUNT NOT TAKEN IN RCM ITC COLUM

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Dear sir,

As per Issue id 115970 RCM amount deposited in Month of Aug 2017 & RCM ITC not taken in GSTR-3B in Eligible ITC RCM ITC column i.e. 4 (A) (3) but GSTR-3B Month of May 2018 Above RCM amount taken in 4(A)(5). Can I RCM ITC amount Taken or Amend in GSTR-9 Return 2017-18.

Regards

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Showing Replies 1 to 2 of 2 Records

1 Dated: 4-2-2020
By:- Rajagopalan Ranganathan

Sir,

According to Section 16 (4) of CGST Act, 2017 "a registered person shall not be entitled to take input tax credit in respect of any invoice or debit note for supply of goods or services or both after the due date of furnishing of the return under section 39 for the month of September following the end of financial year to which such invoice or invoice relating to such debit note pertains or furnishing of the relevant annual return, whichever is earlier :

In your case you have taken the ITC in GSTR-3B return pertaining to May 2018 which shows that you have taken ITC before 20.10.2018, that is, due date for furnishing GSTR-3B return for September 2018 following the financial year 2017-18. Therefore you have taken the credit correctly. Therefore no amendment of GSTR-9 return is required.


2 Dated: 4-2-2020
By:- KASTURI SETHI

ITC has been taken under wrong column as mentioned by the querist. There is a lot of difference between Col.No.4 (A) (3) and 4(A)(5). Under RCM one is to pay tax in cash before availing ITC. Table no. is correct. Common Portal System may create hurdle.

You need the help of Grievance Redressal Cell through jurisdictional GST Range Officer or Divisional Officer to solve the problem otherwise Common Portal System will not allow.


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