Transportation RCM which % Input Credit availability
This query is : Resolved
Quick Summary
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,
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,
CA R SEETHARAMAN
(Expert)
04 March 2022
Yes, you can use it for payment of output from ITC credit ledger.
Somebody misinformed you.
Somebody misinformed you.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- TAX AUDIT ON PROFESSIONAL INCOME
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Under marginal scheme
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Oct 2025 Invoices
- Capitalgain tax purposes for valuation report compulsory
- Import of Software Service.
- GST on Renting godown to KFCSC for Storage of Raagi
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
