Itc on rcm

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

19 September 2017 It is learnt that ITC is available on RCM, but it cannot be adjusted with Output. Then, how this ITC will be adjusted ?

CA R SEETHARAMAN (Expert)
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19 September 2017 ITC is available on RCM paid which can be adjusted against out put liability.
RCM liability has to be paid through bank.

CA R SEETHARAMAN (Expert)
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19 September 2017 ITC is available on RCM paid which can be adjusted against out put liability.
RCM liability has to be paid through bank.

CA Rashmi Gandhi (Expert)
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19 September 2017 You have to pay RCM tax & then claim ITC for same....

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