ITC CAN BE CLAIMED OF RCM PAID ON RENT UNDER 5% SLAB RATE
This query is : Resolved
11 January 2025
PLEASE SUGGEST ITC CAN BE CLAIMED OR NOT
11 January 2025
If he is composition dealer, he cannot claim the ITC.
23 January 2025
BUT REGULAR IN REGULAR SCHEME HE CAN CLAIM OR NOT SIR ?
23 January 2025
Now with the amendment in act, composition dealers are not required to pay GST on rent under RCM.
Regular dealers are allowed for ITC claim provided the output supply is eligible for ITC claim. If output supply's GST rates are not eligible for ITC claim, then you cannot claim ITC for the GST paid under RCM.
Regular dealers are allowed for ITC claim provided the output supply is eligible for ITC claim. If output supply's GST rates are not eligible for ITC claim, then you cannot claim ITC for the GST paid under RCM.
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