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Informative

GSTN Issues Advisory on GST RCM Liability/ITC Statement

Update / Judgement Date

25 Aug 2024

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceGST

The GST Network (GSTN) issued an advisory introducing a feature for viewing Reverse Charge Mechanism (RCM) liability and Input Tax Credit (ITC) statements on the GST portal. This feature aims to enhance transparency and ease in managing RCM liabilities and ITC claims, facilitating better compliance and record-keeping for businesses.