Dear sir , please Guide me for ITC of RMC Paid when It claim?
i.e Rs.4500/- pay RCM invoice of month of April -2023 when it claimed ?
Replies (3)
Quick Summary
This discussion addresses the correct timing for claiming Input Tax Credit (ITC) on Reverse Charge Mechanism (RCM) payments for Ready Mix Concrete (RMC). It clarifies whether the ITC should be claimed in the same month as the RMC payment or in a subsequent month, depending on when the goods or services are received.