Menu
input tax credit
should i get my ITC paid under RCM within same month of filling return.
Replies (1)
RCM has to be paid in cash ie not by utilizing the credit.In the subsequent months you can claim ITC of the same.
Ex- July- RCM liability-Rs100
Pay Rs 100 through electronic cash ledger
August- Claim ITC of Rs 100/-
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
