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how to itc under reverse charge mechanism
sir if we have to pay tax to take credit under reverse charge mechanidm then how to pay that tax generally when we pay tax it would be shown in our cash ledger is that enough or there is a procedure to pay tax under reverse charge mechanism
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Tax paid on reverse charge basis will be available for input tax credit if such goods and/or services are used, or will be used, for business. The recipient (i.e., who pays reverse tax) can avail input tax credit.
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