i have paid GST under rcm for the month of oct 2019
can i claim itc on above gst while payment of gst liability on sale for the month 0f October itself?
or should i claim its on hst gst paid under rcm in next month?
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Itc on gst paid under rcm
Replies (4)
Yes... You can claim ITC in the same month for the payment of rcm related Taxes...
As Er Your query You can claim in October itself...
As Er Your query You can claim in October itself...
Yes, you can take credit of the same in the same month basis the self invoice.
please note that tax payment is pre-requisite before availing the same.
please note that tax payment is pre-requisite before availing the same.
YES YOU CAN CLAIM ITC IN THE MONTH OF PAYMENT ITSELF
As per Section 31(3) sub section (f) read with section 9(3), ITC can be calimed on the basis of requisit documents (self invoicing) subject to payment of Tax
So same Month itself you can claim credit.
So same Month itself you can claim credit.
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