Input credit of gst paid under rcm
This query is : Resolved
Kushal Agarwal
(Querist)
25 August 2017
I have an liability of making the payment of GST under RCM for the month of July, so i want to know that when i will get the credit of GST paid under RCM i.e whether in the same month or in next month. Please explain, its urgent.
CA R SEETHARAMAN
(Expert)
25 August 2017
Credit will be given in the same month of payment.
Rakesh Mishra
(Expert)
25 August 2017
July's RCM you will have to pay in August and than you can avail credit in August's liability
CA R SEETHARAMAN
(Expert)
25 August 2017
July's RCM can be paid in July and ITC could be claimed in July.
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