RCM of F.Y.19-20 DECLARED IN F.Y.20-21

[NISHANT SHAH]

My Client had paid GST on RCM for one invoice on Aug-2020 i.e, in F.Y.20-21.

How should it be reported in Table 9 of GSTR-9? Should we add liability in Table 9 as Tax Payable ??

AI Summary

Understanding GST Reporting: Reverse Charge Mechanism, GSTR-9 & GSTR-9C Guidance for 2020-21 Tax Filings A user inquired about reporting GST paid on a reverse charge mechanism (RCM) invoice from August 2020 in the GSTR-9 for the financial year 2020-21. An expert advised that credit could be taken until the GSTR-3B filing date for September 2021. Another user suggested disclosing the RCM liability in Table 9P of GSTR-9C, noting differences as unreconciled tax payments. Another expert recommended reporting it in the current year's GSTR-9 if the expense is recorded in the current year. Separately, a trader sought guidance on GST obligations related to disclaimers on branded goods, with experts clarifying the responsibility of brand owners in filing affidavits.