Itc clim on reverse charge
Query (Issue) Started By: – pawan singhal Dated:- 15-8-2017 Last Reply Date:- 16-8-2017 Goods and Services Tax – GST
Got 3 Replies
GST
when registered person paid gst of reverse charge of july month in august. can he used rcm paid cash ledger against july month output gst liability . for example july month reverse charge tax paid on 10th aug of ₹ 10000 and in july month he has to paid 15000 on sales. now can he used this 10000 paid aginst 15000 tax liability .
\nReply By RAMESH PRAJAPATI:
\nThe Reply:
\nYes it is allowed. In GSTR- 3B you can declare and utilise for the month of July..
\nReply By Vamsi Krishna:
\nThe Reply:
\nIt may be allowed in GSTR 3B, however for Normal returns GSTR-2 & 3, ITC on RCM<\/p>\n
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