Dear Sir,
Kindly tell me what amount of Itc available on which Gst paid under reverse charge mechanism. Whether it is 100% or 50%.
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ITC availability to Banking Companies
Replies (3)
100%
If you have opted for 50% scheme, then in case of RCM also you can avail only 50% ITC (Has to deposit 100%)
Thanx Naveen and Pankaj. Naveen its 50%
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