input tax credit on RMC
This query is : Open
09 June 2017
dear experts,
is there input tax credit for RMC paid on supply of goods.
09 June 2017
Yes input tax credit available on GST paid under RCM.
09 June 2017
I meant reverse charge. What is RMC.
09 June 2017
sir, can u guide me about what is reverse charge under GST?
09 June 2017
No input credit can be availed on market cess. If you are a registered dealer under GST buying a material from unregistered dealer you have to pay GST under reverse charge.
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