Goods and Services Tax – Started By: – raja raja – Dated:- 3-2-2018 Last Replied Date:- 5-2-2018 – Dear experts, Please guide me Aug month we have paid reverse charge , same month we can claim input.Thanks in advance – Reply By SHIVKUMAR SHARMA – The Reply = Yes,You can avail the ITC of RCM in the same month after making the Cash payment of Tax Under RCM. – Reply By KASTURI SETHI – The Reply = Sh.Sharma Ji, Agree with you. There is no doubt. There was a lengthy discussion regarding whether ITC can be taken after crossing one month from the date of payment in cash or from the date of invoice under RCM. Do you remember ? If so, clear my doubt citing Rule etc. – Reply By Ganeshan Kalyani – The Reply = This topic has been discussed previously.
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aised by the recipient is the eligible document for claiming credit of tax paid under RCM But rule also imposes condition for payment of tax. Nonetheless it is Inportant to note that in case of tax charged by the Supplier,the Tax invoice issued by the supplier is the eligible document for claiming credit.The claim of credit by the recipient ,in GSTR-2 is on provisional basis and gets finalised after matching of returns which is again subject to payment of tax by the supplier. In line with the above an argument can be taken that in case of tax under RCM,Invoice issued under section 31(3) (f) is the eligible document for claiming credit.The credit of tax payable under RCM can be claimed by the recipient ,in GSTR-2 on provisional basis and the
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