No ITC on RCM
Sukanta Maji (16 Points)
24 August 2017
dear Exparts, PL guide me, How I can adjust that particular amount in which I have made payment in RCM but not getting ITC in books?
1 Replies
Manas Das
(1431 Points)
Replied 24 August 2017
when you pay under rcm you create the liability to pay rcm. after making the payment when increasing your itc debit the expenses ledger instead of tax ledger for the amount which itc not available
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