REVERSE CHARGE-GTA

[VIGNESH]

Sir Kindly clarrify

1. We have received invoice from GTA for F.yr.2019-20 and we failed to pay RCM for the year before 20th October and now we found the same and we have paid

a. Should it be reflected in GSTR-9C of 2019-2020 or 2020-2021

b. Self invoice for GTA Tax paid to be raised for each invoice or each party is enough.

c. where to get the Invoice format for Self invoice for RCM Tax paid

[Shilpi Jain]

Self invoice to be issued for each supply. Format would be same as per rule 46.

[KASTURI SETHI]

It should be reflected in 2020-21.

[Ganeshan Kalyani]

I agree with the expert's view.

[MUKUND THAKKAR]

Please pay Interest as and when Pay RCM.

AI Summary

Reverse charge on GTA services: late RCM payments must be declared in the subsequent return period and supported by self-invoices.
Late payment of tax under the reverse charge for GTA services must be declared in the subsequent return period. A self-invoice must be issued for each supply, using the format prescribed in rule 46. Interest on delayed reverse charge payment is payable when the tax is paid.