GST under rcm

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20 Points Posted on 01 July 2020
GST paid under rcm input available or not
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On 01 July 2020 at 12:57 Report
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This discussion clarifies whether input tax credit is available for GST paid under the Reverse Charge Mechanism (RCM). Generally, if you pay GST under RCM, you can claim the input tax credit. This applies to situations like freight inward and outward services provided by GTA, where the recipient paying tax under RCM can avail the input credit.

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20 Points Posted on 01 July 2020
For what purpose you are paying RCM ?
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On 01 July 2020 at 13:20
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Manager-Accounts & GST Consultant
20 Points Posted on 01 July 2020
In most of the cases input available
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On 01 July 2020 at 13:36
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20 Points Posted on 01 July 2020
Frieght inward and outward
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On 01 July 2020 at 13:46
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20 Points Posted on 01 July 2020

The input tax credit paid on account of GTA services shall be available to the person paying tax for such services under RCM

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On 01 July 2020 at 13:53
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20 Points Posted on 01 July 2020
If you have paid tax for RCM liability, then u can avail rcm input
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On 01 July 2020 at 14:57

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