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RCM of F.Y.19-20 DECLARED IN F.Y.20-21, Goods and Services Tax - GST

Issue Id: - 117029
Dated: 23-2-2021
By:- NISHANT SHAH
RCM of F.Y.19-20 DECLARED IN F.Y.20-21

  • Contents

My Client had paid GST on RCM for one invoice on Aug-2020 i.e, in F.Y.20-21.

How should it be reported in Table 9 of GSTR-9? Should we add liability in Table 9 as Tax Payable ??

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Showing Replies 1 to 4 of 4 Records

1 Dated: 24-2-2021
By:- Rajagopalan Ranganathan

Sir,,

. If the tax is paid in August 2020, then you can take the credit till date of filing of GSTR-3B return for September 2021, that is 20.10.2021.


2 Dated: 26-2-2021
By:- NISHANT SHAH

Sir, I already taken credit in Sep-2020 3B Return but in GSTR-9, where should we report RCM Liab. GSTR-9C?

My view is that we disclosed it in (Table 9P of GSTR-9C as Liability) and Difference between Tax Payable (9P) and Tax Paid (Table 9Q of GSTR-9C) would be regarded as tax payable for rcm for 19-20 which was paid in 20-21. We put a note that difference in unreconciled tax payment(Table 9R) was on account of liab. of rcm which was paid in 20-21 and challan has been attached in GSTR-9C to that effect.


3 Dated: 3-3-2021
By:- Shilpi Jain

Please refer to point g in the press release Clarification regarding Annual Returns and Reconciliation Statement

However, suggested that this RCM be disclosed in the current year GSTR-9 if the expense is booked in the current year in the books in order to substantiate payment of liability to department if required in future.


4 Dated: 6-3-2021
By:- NISHANT SHAH

Thanks to both experts.


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