RCM on Inward Supply

[Ashiesh Prremji]

Dear Sir,

Please suggest, if RCM on Inward Supply gst paid in 3B of FY 18-19 & claimed in 3B of FY 19-20 under RCM on Inward Supply . Whether this availing ITC on RCM on inward Supply in FY 19-20 have to report in Annual Return of FY 18-19 or 19-20 ?

Thanks!

[Ganeshan Kalyani]

In my view, it will be shown in FY 19-20.

[Ashiesh Prremji]

Thanks for Reply Sir!

One more thing what will be reporting requirement in 9C for above transaction in Table12 ?

[KASTURI SETHI]

Dear Nil Chava,

The querist is seeking solution to his problem. Will you please tell me how far your posting is logical here in this forum ?

[Ganeshan Kalyani]

It seems that he has advertised his website. Even though non-relevant his website got visibility as somebody would have clicked it. There are agency which charges for displaying the ad. He has silently advertised here.

AI Summary

Reverse charge on inward supplies reported in the year input tax credit is claimed, not when tax was paid. RCM tax paid in one financial year but ITC claimed in a later year should be shown in the financial year when the input tax credit is availed; the querist also asked about reporting that transaction in Table 12 of GSTR-9C, but the forum replies beyond the primary view were unrelated and did not resolve the reconciliation question.