DEAR MAMERS !
IS RCM REFUNDABLE?
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Is rcm refundable?
Replies (3)
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.
no its not refundable
No...
RCM amount not refundable.
RCM amount not refundable.
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