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!

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.