ITC CAN BE TAKEN OR NOT


This query is : Resolved 

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This discussion clarifies whether Input Tax Credit (ITC) can be claimed on an invoice received in March 2019 from a GTA, where the Reverse Charge Mechanism (RCM) is applicable. The consensus is that ITC is indeed claimable on such bills after paying the applicable tax under RCM. Further clarification on specific circulars or notification numbers related to ITC rules is sought.

31 January 2020 An invoice is related to March, 2019 received from GTA. RCM is applicable on that bill. Please advise whether we can take the ITC on that bill after paying the tax amount as RCM is applicable.

31 January 2020 Yes you can take ITC on such bill.

31 January 2020 can u provide the circular or notification no

31 January 2020 ITC rules refer..............


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