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Asif shaikh
my client in real estate business. he paid 5℅ without itc. my question is my client paid tax under reverscharge for example GTA or urd purchase like cement. can he take itc of reverschare paid in 3b.Thankyou
Replies (2)
Yes, RCM is payable by Your client.
ITC not available for the RCM paid...
ITC not available for the RCM paid...
At concessional gst rate 5 % in real estate , any kind of ITC cannot be availed.
You have to pay GST under RCM but ITC not available.
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