We have to pay GST liability in March , as output GST exceeds the input GST . Now we are also having some RCM liability to pay . Can we claim input RCM in the same month ? What is the process ? Please explain .
We have to pay GST liability in March , as output GST exceeds the input GST . Now we are also having some RCM liability to pay . Can we claim input RCM in the same month ? What is the process ? Please explain .
The input tax credit on the tax that is paid under RCM will be available only after making payment. Therefore if it is related to march but the same is deposited in Apr hence available for the month of Apr.
Just clarifying , you mean to say that against the RCM that I am paying now related to March , I can claim its input when I do the GSTR-3B return filing of April ?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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