We have a RCM demand raised from year 2018-19, which I have to deposit it with interest and penalty.
Can I claim the tax amount in ITC in year 2020-21?
1 Replies
VAIBHAV MISHRA
(accountant)
(41 Points)
Replied 09 February 2021
I hv charged rcm 12% in place of 5% on gta bills to receipents, so and filed GSTR 1 on @ 12% on rcm mode basis but the mistake charged 12% in place of 5%, is there any tax liability to me
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