Yes, if there is no RCM liability then no need to pay and claim the ITC.
Submit the return with red highlighted figures.
If such transactions do exist in the books of the the registered person as well, then such person is liable to pay GST under RCM and avail ITC, though net effect would be the same.
O P Bagla & Co LLP
New Delhi
CA Inter
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Karia Overseas
Ahmedabad
CA
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SMJ global advisors pvt ltd
New Delhi
B.Com
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CAclubindia
