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rcm itc
rcm amount paid ka input credit kab le sakte hai
Replies (9)
In terms of section 41 (1) of CGST Act, 2017 You can take the said credit in the same month in which the supply is received on provisional basis. However, RCM liability need to be paid in cash in terms of section 41(2) read with section 2(82)
As per reply on twitter by GST Deptt, ITC available when RCM is paid by registered person means if paid in same month then only allow.
Is there any legal validity of twittes by department mam...
As per my view.,
we can't get extra benefits for RCM related payments...
We only get the ITC as RCM related inwards and reflect in liability and Input....
(RCM related payments dealt as per "Depreciation & SB account Interest in Income Tax". The same rules on RCM)
So, we can't get extra benefits for RCM related payments.....
we can't get extra benefits for RCM related payments...
We only get the ITC as RCM related inwards and reflect in liability and Input....
(RCM related payments dealt as per "Depreciation & SB account Interest in Income Tax". The same rules on RCM)
So, we can't get extra benefits for RCM related payments.....
100% legal validity as date is also extended by cbec through twitter
Dear Mam, cbec had issued notification for date extension... Twitter is just a way of announcement.
I am asking that do these kind of twittes will supersede the law.
Legally there is no any bar on taking the credit in the month of receipt of supply) . (refer section 41 of cgst law)
I am asking that do these kind of twittes will supersede the law.
Legally there is no any bar on taking the credit in the month of receipt of supply) . (refer section 41 of cgst law)
Yes but what is said on twitter become law in some tym by gst deptt. So we have to follow them.
u can take the itc paid under rcm in same month
It is also a gateway to directly solve queries of registered peraons.
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