INPUT TAX CREDIT CAN BE AVAILED UNDER REVERSE CHARGE MECHANISM FOR RENT OF IMMOVABLE PROPERTY?
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Reverse charge mechanism
Replies (6)
yes you can take ITC
Yes, you can claim ITC provided that the landlord enters your details in his return and shows it as a "B2B Transaction".
Yes, you can claim ITC provided that the landlord enters your details in his return and shows it as a "B2B Transaction".
in case of RCM,then how to shown in GSTR-1 For claiming ITC
1) what is the due date of GST payment for July 2017 in normal provision(other than reverse charge)?
2) what is the due date of GST payment for July in Reverse Charge provision?
3) Reverse charge paid for the month of July 2017 should be set off in the month of August 2017 or not?
TNQ
CAN NY ONE PLZ BREIF THE PROCEDURE UNDER RCM?
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