we have to pay Rcm liability Rs.10000/- for July 2017.
can be take itc in the same month for July return???
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availability of itc.
Replies (6)
No . Credit can be taken after payment only
You can utililize this Credit from August month onwards but not in the month of July.
if we paid Rcm for July 2017 in the month of August then I can be able to take itc for August return.
is I m right?
is I m right?
Yes. For August month return, you are eligible to claim it as ITC but first you have to pay it during the fling of July month return.
and where we should to show itc of telephone expenses for business in GStr 3b.
mention point clearly.
mention point clearly.
Yes you can availed, because return valid after payment, please refer video link https://youtu.be/LjGVrBBKwT8
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