Transportation RCM which % Input Credit availability


This query is : Resolved 

Quick Summary
This discussion clarifies the use of input tax credit (ITC) for Transportation Reverse Charge Mechanism (RCM) at 5%. The user inquired if the 5% RCM ITC could be used to offset output tax payments. The response confirms that the 5% RCM ITC is indeed available and can be utilised from the ITC credit ledger, correcting a misunderstanding that only 12% RCM ITC was eligible.

04 March 2022 Sir,

Transportation RCM 5% paying every month, Showing IT 3B RCM column and ITC Column.

Now my doubt is RCM ITC 5% , can we use Output Payment from ITC Credit Ledger.

Some one informed This RCM 5% ITC cannot take only 12% RCM will ITC Available, plz clarify my doubt.

Thanking you,

04 March 2022 Yes, you can use it for payment of output from ITC credit ledger.
Somebody misinformed you.

07 March 2022 Thank you sir for your reply


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