DEAR MAMERS !
IS RCM REFUNDABLE?
3 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 11 August 2018
You can take ITC of the reverse charge tax paid.
Sec. 2(62) of the CGST Act, define input tax and includes tax payable under reverse charge basis.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 11 August 2018
No...
RCM amount not refundable.
RCM amount not refundable.
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