Answer

1. F

   Facts

   GSTN introduced an RCM ITC statement that tracks RCM tax paid in Table 3.1(d) and RCM credit claimed in Table 4(A)(2) and 4(A)(3). Claiming more RCM credit than paid shows as a negative balance and can be flagged.

2. P

   Provisions and law

   • Sec 9(3), CGST Act 2017Tax on notified supplies is paid by the recipient under reverse charge
   • Sec 16(2), CGST Act 2017ITC needs a tax invoice, receipt of goods or services, tax paid by the supplier and a filed return
3. A

   Analysis

   If you paid RCM tax of ₹54,000 and claimed RCM credit of ₹60,000, the ₹6,000 excess shows up. Usually it is a typing error or credit claimed on import of goods in the wrong row. Fix it in the next return and check the opening balance you declared.

4. C

   Conclusion

   1. 1Open the RCM ITC statement
   2. 2Compare RCM paid with RCM credit claimed
   3. 3Correct any excess in the next GSTR-3B
   4. 4Keep RCM paid and claimed equal where fully eligible

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.