TaxTMI 
TaxTMI 
Dear Experts we find that a few payments were made to transporters during the month of Oct'23, Feb'24 & Mar'24, but the RCM was neither paid nor shown in 3B return. Can we pay now and take ITC. How to show in return. Thanks
Delayed payment of RCM
17 Sep 2024 
10 Replies 
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Reverse charge obligation requires late GST payment to preserve input tax credit, subject to interest and possible penalty.
If a registered transporter fails to charge GST, the recipient must pay tax under reverse charge to preserve input tax credit, provided the tax and credit are recognised within the prescribed claim period in administrative guidance. Late discharge of reverse-charge liability entails interest and possible penal consequences linked to breach of time of supply rules; time of supply for reverse charge is the earliest of payment, the expiry of the 60-day invoice period, or issue of the recipient's invoice. (AI Summary)
If a registered transporter fails to charge GST, the recipient must pay tax under reverse charge to preserve input tax credit, provided the tax and credit are recognised within the prescribed claim period in administrative guidance. Late discharge of reverse-charge liability entails interest and possible penal consequences linked to breach of time of supply rules; time of supply for reverse charge is the earliest of payment, the expiry of the 60-day invoice period, or issue of the recipient's invoice. (AI Summary)