About ITC on Rcm

24 April 2021

Our company pay RCM on lawyer Fees. so can I claim this input?

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3 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 24 April 2021

The ITC is not available for the reverse charge payment to the authority on lawyer fees paid

CMA Poornima Madhava (CMA) (13112 Points)
Replied 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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Prathyusha Varma (ArticleShip) (393 Points)
Replied 24 April 2021

We can claim ITC on reverse charge paid in next month filing

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