Menu
ITC SET OFF
we get ITC on RCM can we set off this amount with our output tax liability or only setoff with our RCM payable ??
Replies (3)
U can off with output liability
you can setoff it from output tax liability. you cannot use input credit to pay RCM. RCM liability is to be paid by cash only.
oh thanks
Related Topics
CAclubindia
