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 Topics :
- Partnership tax audit query
- ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V
- Form 146 foreign remittance us citizen
- GST 16(2) notice
- Which GSTR-1 upload error do you hit most often?
- Need advice regarding accounting fees
- Is it possible to get a refund for an accidental o
- ITR-3 Section P&L - speculative income - no bo
- Foreign Assets reporting
- Build corpus in HUF
Related Topics :
CAclubindia
