RCM Payment through Cash ledger balance
This query is : Resolved
03 May 2021
Dear Sir,
We are taking RCM in GST Feb month RCM payment is Mar month input basis. In Mar'21 filing i mistakenly adjust RCM payment in Cash Ledger Balance (Feb'21 Extra cash payment). My query is that Mar'21 RCM is eligible to take ITC in April'21 GST filing. If i'll take input is it created any problem in future?
Thank you
Waiting for your valuable reply
We are taking RCM in GST Feb month RCM payment is Mar month input basis. In Mar'21 filing i mistakenly adjust RCM payment in Cash Ledger Balance (Feb'21 Extra cash payment). My query is that Mar'21 RCM is eligible to take ITC in April'21 GST filing. If i'll take input is it created any problem in future?
Thank you
Waiting for your valuable reply
CA R SEETHARAMAN
(Expert)
04 May 2021
No problem you can take ITC in April for March RCM payment.
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