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.
R P S K & Associates
Nashik
CA Inter
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CMNITY HIRE
New Delhi
Others
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O P Bagla & Co LLP
New Delhi
CA Inter
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CAclubindia
