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Can RCM 5% be claimed for input credit?

RCM 366 views 4 replies

Hello all : 

We have supplied goods through a trailer service and the bill has mentioned the Tax to be considered on RCM basis of 5%. If we pay the 5% can this be claimed as input credit? 

 

Thanks

Hari

 

Replies (4)
Yes. You can claim the same as ITC as 5%
Yes you can claim if you are not the composite dealer.
Yes, you have the right to claim ITC entirely 5% only if you have declared in GSTR - 3B and paid the tax.
Yes it can be claimed as ITC if not blocked through section 17(5)


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