Question:-20

In which column of GSTR-9 we have to show RCM Paid in FY 2017-18 and RCM of FY 2017-18 paid in FY 2018-19?

Answer

1) Transactions on which RCM Payment has been made in the FY 2017-18 have to be shown in Table 4(g) of GSTR 9.

2) Regarding RCM of 17-18 paid in 18-19 Press Release dated 03rd July 2019 has Clarified regarding Annual Returns and Reconciliation Statement as follows:

g) Reverse charge in respect of Financial Year 2017-18 paid during Financial Year 2018- 19: Many taxpayers have requested for clarification on the appropriate column or table in which tax which was to be paid on reverse charge basis for the FY 2017-18 but was paid during FY 2018-19. It may be noted that since the payment was made during FY 2018-19, the input tax credit on such payment of tax would have been availed in FY 2018-19 only. Therefore, such details will not be declared in the annual return for the FY 2017-18 and will be declared in the annual return for FY 2018-19. If there are any variations in the calculation of turnover on account of this adjustment, the same may be reported with reasons in the reconciliation statement (FORM GSTR 9C)

Thus it has been clarified that such transactions should be reported in GSTR 9 for the FY 2018-19 and not in FY 2017-18.