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Transportation RCM which % Input Credit availability

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(Querist)
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,
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 March 2022 Yes, you can use it for payment of output from ITC credit ledger.
Somebody misinformed you.
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ARCHANA

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ARCHANA (Querist)
07 March 2022 Thank you sir for your reply
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