Menu
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...
Recent Topic
- Due date of ITR for Option Trader
- Cancelled invoice entry
- Debt Mutual Fund Tax in New Regime
- Amount distributed by a Co-op. Hsg Society to its
- Delayed reported invoice in GSTR1
- Kusumgar IPO Listing Date: Shares Debut on BSE, NS
- When is Diwali in 2026? Date, Muhurat Timing and D
- Amount received by son from PPF closure proceeds o
- Clarification on Nature of Payment Code for NRI Pr
- Fee received as Independent Director
Related Topics
CAclubindia
