Sir, we have paid Rs. 48600 RCM from April to November in Dec. 2019.
Can we adjust RCM for output liability. If yes please provide entry
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RCM April to November
Replies (3)
You can not take rcm as a ITC
Yes... You can claim ITC for the payment of RCM related tax...
Yes ITC can be claimed on Tax deposited under RCM, Except Taxpayer paying tax under section 10(composit dealer)
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