can RCM liability be clubbed to all other itc
what is the consequences of it.
should we pay interest and penalty
RCM liability is payable in Cash only ( through Cash ledger ) , ITC not available to discharge liability.
prasad Nilugal
( GST Practitioner & Accounts )
(14300 Points)
Replied 25 May 2024
RCM liability is payable in Cash only ( through Cash ledger ) , ITC not available to discharge liability.
CA Anoop Kumar Sharma
(Accounts Manager)
(1626 Points)
Replied 25 May 2024
RCM pay only cash ledger and interest will be liable if it is pay late
CAclubindia
