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Can we take ITC of RCM tax in same month?

Hardik (Professional) (918 Points)

15 October 2019

I paid GST on transport freight at 5% on RCM from e-cash ledger, can I take ITC of such payment in the same month or next month?

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9 Replies

RAJA P M ("Do the Right Thing...!!!") (127329 Points)
Replied 15 October 2019

You can claim ITC for rcm paid tax in the same month...

1 Like

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 15 October 2019

Yes you can..........claim in same month

1 Like

mukesh sharma (49 Points)
Replied 16 October 2019

ITC on rcm can be taken once the payment is made.. you are eligible to take credit

1 Like

CA Dhruva Kalamanji (Chartered Accountant ) (1996 Points)
Replied 16 October 2019

Yes you can take rcm input in same month

1 Like

MY Indians Tv (292 Points)
Replied 16 October 2019

We have to note that the GSTR-3B return allows us to set off the ITC of RCM in the same month it is incurred. Hence, one may come to a conclusion, based on the above discussion, that ITC for RCM cases can be availed in the same month in which inward supply is received

Ravinder Kundavaram (13 Points)
Replied 17 October 2019

Yes you can claim in the same month but it has to be paid in cash only

Surjeet Negi (947 Points)
Replied 02 November 2019

Yes you can take the same basis the self invoice, after making the payment of the same.

Akhil Singhal (Articled Assistant) (22 Points)
Replied 02 November 2019

Dear Sir,

NGO is registered under GST and also under 12A(a). It has taken legal service from lawyers. Could you please let me know that whether GST has to be paid under RCM or not? Is there any exemption for NGO regarding the same.