ITC ON RCM (LEGAL CHARGES)

RCM FOR FY 2019-20


QUERY - CAN WE TAKE THE CLAIM AFTER DEPOSIT ??


NOTE : WE HAVE ALREADY FILED OUR SEPTEMBER 3 B return
Replies (2)
Quick Summary
This discussion addresses claiming Input Tax Credit (ITC) on Reverse Charge Mechanism (RCM) for the financial year 2019-20. It clarifies that even if the RCM payment is made late and includes interest, the ITC can still be claimed. This is permissible even after filing the September return.

If RCM is paid late, you must have deposit alongwith interest. But after you have paid you can claim its ITC.

You can claim ITC on RCM

No issue if you filed September Month Return

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