Find
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.
GST
RCM ITC statement on the GST portal
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Provisions
Sec 9(3), CGST Act 2017; Sec 16(2), CGST Act 2017
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.
Close
- Open the RCM ITC statement
- Compare RCM paid with RCM credit claimed
- Correct any excess in the next GSTR-3B
- Keep RCM paid and claimed equal where fully eligible
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