Regarding Payment Of Rcm Of Unregistered Dealer

Abhishek Roy
watch_later 2 years, 11 months ago

Dear Sir,

Please clarify a query.........

We had made a payment on october, 2017 as (CGST+SGST) @ 18% subject to rent of office(unregistered dealer) for the month of september, 2017 & the crutial part is that their was no transactions effected (Sale & purchase) for the month of september, 2017.

Now according to the notification posted for revocation of RCM as per u/s. 9(4) of CGST act & u/s. 5(4) of IGST act. up-till 31/03/2018.

We were hoping earlier as their will be sale & purchase transactions in the month of october, 2017, we will show the adjustment in gstr-3b & post it in gstr-2 of the month of october, 2017, but now that options is not available now.

Their is a lot of confusion we are facing as how to adjust the payment and thus we haven't filed GSTR-3B of September, 2017.

Please advice what can be done..................

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1 Answer

GST Payer watch_later 2 years, 11 months ago

File GSTR-3B as usual. In month of October you can claim input credit for tax paid.

This credit will remain in your input credit ledger and can be utilised in future against any tax liability arising.

  • chatComments
    Are you sure about it as because I am hearing something different that this the ITC on RCM can only be adjusted in filing of October, 2017 GSTR-3B and can't be carried forward after notification for revocation of RCM under section 9(4) of CGST Act & section 5(4) of IGST Act came into effect, but at one point it is also confusing if that act had came into effect, why the GST portal never blocked the option in GSTR-2 - Abhishek Roy
    Yes claim it in October return. You can do it even letter in GSTR-2 also. If you have paid tax under RCM nothing should prevent you taking input credit. No form can over rule, Act and law. - GST Payer
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