REVERSE CHARGE INPUT CAN CLAIM AS INPUT CREDIT
This query is : Resolved
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12 March 2021
sir,
my query is in RCM - like 1).security Service 2) Legal Expense 3) GTA - SERVICE RECIPIENT - IF I HAVE MONEY IN MY CASH LEDGER BOOK AND PAY THE REVERSE CHARGE AND ADD THAT REVERSE CHARGE INPUT TO THE ORIGINAL INPUT ?
my query is in RCM - like 1).security Service 2) Legal Expense 3) GTA - SERVICE RECIPIENT - IF I HAVE MONEY IN MY CASH LEDGER BOOK AND PAY THE REVERSE CHARGE AND ADD THAT REVERSE CHARGE INPUT TO THE ORIGINAL INPUT ?
CA Altamush Zafar
(Expert)
12 March 2021
Yes you have to pay GST in cash and then claim ITC subject to section 16 & 17
12 March 2021
Yes you can use the cash ledger balance for RCM payment and then take the RCM paid as ITC.
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