Reverse Charge Mechanism (RCM) Under GST

Who needs to disclose transaction relating to Reverse Charge in Annual Return – Supplier or Recipient?

The transaction covered under reverse charge needs to be declared both by the supplier and also by the recipient. The supplier of service, registered under GST , has to disclose the turnover on which recipient is liable to pay tax in table 5C of the Annual Return. And, the recipient needs to disclose the same in table 4G of the Annual Return

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Is the reporting in Annual Return required if, credit has been taken in April 2018 for the GST paid under RCM for March 2018?

The Annual Return provides for reporting of credits which have been availed in the GST returns filed for FY 2017-18. Hence, only those credits which have been availed in the same financial year should be considered as part of input tax credit in the Table 6C and 6D.
However, as the RCM credit has been availed after completion of FY, it may be disclosed in the Table 13 of Part V.

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Whether demand for e-way bill for Financial Year 2017-18, raised in FY 2018-19 needs to be disclosed in annual return.

No, as the same demand is issued by the adjudicating authority in the financial year of 2018-19. It need not to be disclosed in point no. 15E of form GSTR 9.

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Does a taxpayer needs to make some disclosure related to E-way Bills in the Annual Return?

E-way bill system was not in vogue in FY 2017-18. As on date there is no specific reporting requirement of E-way Bill details in the Annual Return. Hence, nothing needs to be reported in this regard.
However, there could be possibility in the amendment in the format of Annual Return for FY 2018-19 wherein it is expected that e-way bill related information could also be demanded.