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RCM April to November

RCM 269 views 3 replies
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629 Points Posted on 19 January 2020
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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On 19 January 2020 at 11:04 Report
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31 Points Posted on 19 January 2020

You can not take rcm as a ITC

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On 19 January 2020 at 12:02
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"Do the Right Thing...!!!"
128152 Points Posted on 19 January 2020
Yes... You can claim ITC for the payment of RCM related tax...
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On 19 January 2020 at 13:14
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GST Practitioner
55067 Points Posted on 19 January 2020
Yes ITC can be claimed on Tax deposited under RCM, Except Taxpayer paying tax under section 10(composit dealer)
1 Reply
On 19 January 2020 at 15:49


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