About ITC on Rcm

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3 Points Posted on 24 April 2021
Our company pay RCM on lawyer Fees. so can I claim this input?
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On 24 April 2021 at 18:05 Report
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This discussion clarifies whether Input Tax Credit (ITC) can be claimed on lawyer fees paid under the Reverse Charge Mechanism (RCM). The consensus is that yes, you can claim ITC after paying the tax under RCM. It's confirmed that ITC is available on reverse charge payments, and can be claimed in the following month's filing.

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Chartered Accountant
24588 Points Posted on 24 April 2021
The ITC is not available for the reverse charge payment to the authority on lawyer fees paid
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On 24 April 2021 at 18:38
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CMA
13117 Points Posted on 24 April 2021

Yes, you may claim ITC after payment of tax under RCM. I don't understand why such ITC cannot be availed.

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On 24 April 2021 at 18:56
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ArticleShip
393 Points Posted on 24 April 2021
We can claim ITC on reverse charge paid in next month filing
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On 24 April 2021 at 19:32

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