Question ID : 38039

GST ON REVERSE CHARGES

Dear Sir, One of my client is a trader of agriculture produce, we have by oversight not paid RCM on Raw Cotton. However we have paid tax in every month to the tune of Rs 1 lacs and the reverse charge libility come to Rs 5000/-. We have not shown in form 3B. My query is can be can be directly show it in form GSTR 9 annual return for the March 2018. Tax Payable and Input Received. Will there be any interest liability

Answer ID : 76378

All the transaction which you have missed earlier can be rectified in Annual return GSTR 9 , in fact this is the last opportunely to rectify your corrections . Yes there will be an interest liability

Answer ID : 76384

Yes. It should be shown directly in the GSTR-9 and certainly you have to pay the interest also.

Answer ID : 76392

You can directly report RCM liability through GSTR-9. Interest liability is applicable. But you cannot claim ITC through GSTR-9.

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