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Itc on gst paid under rcm

ITC / Input 310 views 4 replies
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Student CA IPC / IPCC
270 Points Posted on 08 November 2019
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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On 08 November 2019 at 16:22 Report
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"Do the Right Thing...!!!"
128147 Points Posted on 08 November 2019
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...
463 Reply
On 08 November 2019 at 16:53
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947 Points Posted on 08 November 2019
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.
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On 08 November 2019 at 17:37
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GM-ACCOUNTS
142 Points Posted on 10 November 2019

YES YOU CAN CLAIM ITC IN THE MONTH OF PAYMENT ITSELF

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On 10 November 2019 at 12:55
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Account manager
533 Points Posted on 10 November 2019
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.
6 Reply
On 10 November 2019 at 23:51


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