Hello,
Have anyone provide me the Latest sheet of Business Expenses RCM List which i can take itc in daily routine Busines Expenses on my email id clientmailbox2010 @ gmail.com.
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Question Regarding RCM
Replies (1)
Under GST, specific daily business expenses like GTA (freight), legal fees from advocates, director remunerations, and security services attract RCM. The recipient company must pay this tax in cash and can subsequently claim it back as Input Tax Credit (ITC) in the same tax period, provided the expense is used for business purposes and is not restricted by blocked credit rules.
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