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AVAILMENT OF ITC UNDER RCM
May we take input tax credit under RCM on the same period of RCM purchase?
Replies (4)
yes we can take
Yes, the credit can be taken basis the self invoice and the payment should be made before availing the same in the same month
As per Section 31(3) (f),(g) of CGST act , need to issue payment & Self Tax Invoice , on the basis of which you can avail ITC for the same in same month
Thanks to all for giving satisfactory replies...
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