Delay in Payment of RCM liability on Renting commercial space FY 2024-25

[D K]

Hi,

We have not been paying GST on RCM liability on renting of commercial property. We could understand that the same has to be paid from tax period Oct'24. However, we have finished filing 3B return for Mar'25.

We are looking to pay the liability and interest now. Please advise how the same has to be paid? Is it ok to pay in Apr'25 GSTR 3B? And show break-up (month wise) on the tab which comes after making payment/set-off (before EVC)?

Also, whether self-invoice number to be added in GSTR 1 of Apr'25?

Would appreciate your response. Thanks in advance.

AI Summary

Tax Professionals Navigate Complex Reverse Charge Mechanism for Commercial Property Rental with Strategic Compliance and Credit Strategies A taxpayer seeks guidance on handling Reverse Charge Mechanism (RCM) liability for commercial property rental from October 2024 to March 2025. The recommended approach involves paying the entire RCM tax in April 2025 GSTR-3B, calculating and paying interest separately through DRC-03, reporting self-invoices in GSTR-1, and potentially claiming input tax credit under specific conditions.