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

AI Summary

Company Queries GST Reverse Charge Mechanism for Late GTA Invoice; Must Reflect in 2020-2021 GSTR-9C A company inquired about the reverse charge mechanism (RCM) under the Goods and Services Tax (GST) for an invoice received from a Goods Transport Agency (GTA) for the fiscal year 2019-2020. They missed the RCM payment deadline and have since paid it. Clarifications sought included whether the payment should be reflected in GSTR-9C for 2019-2020 or 2020-2021, and the need for a self-invoice for each invoice or party. Responses advised issuing a self-invoice for each supply, reflecting the payment in the 2020-2021 period, and paying interest on the delayed RCM payment.