RCM Input tax credit

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student
75 Points Posted on 21 September 2020
Can we claim RCM ITC in the same month in which it is paid?
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On 21 September 2020 at 15:32 Report
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Quick Summary
This discussion clarifies the eligibility for claiming Reverse Charge Mechanism (RCM) Input Tax Credit (ITC). The consensus is that RCM ITC can indeed be claimed in the same month as it is paid. This allows businesses to benefit from the credit without delay.

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Practice
3235 Points Posted on 21 September 2020
Yes you can..
1 Reply
On 21 September 2020 at 16:13
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Tax and Business Consultant
11616 Points Posted on 21 September 2020
Yes, you can claim RCM ITC in the same month in which it is paid.
1 Reply
On 21 September 2020 at 16:38
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"Do the Right Thing...!!!"
128157 Points Posted on 21 September 2020
Yes... You can claim in the same month.
1 Reply
On 21 September 2020 at 17:43
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student
75 Points Posted on 21 September 2020
Thanks
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On 21 September 2020 at 17:47
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GST Practitioner
55067 Points Posted on 22 September 2020
Yes you can
1 Reply
On 22 September 2020 at 01:01

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