Transportation RCM which % Input Credit availability
This query is : Resolved
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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.
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