Yes, absolutely you can take ITC on RCM. You have to generate an invoice or consolidated invoice at the end of the month under RCM. Thereafter, you will have to report the same in GSTR-3B, 2 and 1, and also pay the amount in CASH. The same shall be available as ITC in subsequent month.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
