RCM ITC availability of FY 17-18

[Ashiesh Prremji]

Whether we can avail ITC on RCM for FY 17-18 in 3B of Nov 19 before filing GSTR 9 ??

AI Summary

Can Input Tax Credit on RCM for FY 2017-18 be claimed in November 2019? Clarification on reporting and filing. A discussion took place regarding the availability of Input Tax Credit (ITC) on Reverse Charge Mechanism (RCM) for the fiscal year 2017-18, specifically whether it can be claimed in November 2019 before filing GSTR-9. It was suggested that RCM paid in a subsequent fiscal year should be reported in that year. For unpaid liabilities of FY 2017-18 paid in FY 2019-20 with interest, it can be claimed in FY 2019-20 and should be noted in the GST Audit Report. It was advised to mention RCM payment details in the comments section of GSTR-9C for FY 2017-18.