Menu
Notification 22/2019(RCM)
Dear Member, As per above notification we are received Bus Service(More than 14 seaters) from non body corporate entity and also we are paying tax on RCM(5%) tax rate, is my company eligible for ITC of that rcm tax amount as per new notification. please suggest.
Replies (2)
Yes offcourse you are eligible for ITC on payment deposited against RCM.
(Can refer Definition of Input Tax u/s 2(62) & 2(63)of CGST Act)
(Can refer Definition of Input Tax u/s 2(62) & 2(63)of CGST Act)
Yes... You can claim ITC for the rcm paid amount.
Recent Topic
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
Related Topics
CAclubindia
