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

Clarification on Reporting ITC for RCM: Claim in FY 19-20, Report in FY 19-20 Annual Return. A participant in a discussion forum inquired about the reporting of Input Tax Credit (ITC) on Reverse Charge Mechanism (RCM) for inward supplies, which was paid in FY 18-19 but claimed in FY 19-20. The query sought clarification on whether this should be reported in the annual return for FY 18-19 or FY 19-20. A respondent advised that it should be shown in FY 19-20. Another participant asked about reporting requirements in Table 12 of Form 9C. A separate reply criticized an irrelevant post that appeared to advertise a website.