A Company who is in business of tourism industry and depositing the taxes at 5% on sales ( without Claiming the ITC).
Scenario : - RCM on services taken from the advocate.
If the company deposit the taxes under the RCM then could they also claim the ITC ???
Menu
RCM on legal service
Replies (6)
No the Company will not be able to claim ITC on GST paid under RCM basis.
Ok thank you
Most Welcome Sir...🙏🙏🙏
I guess, the ineligibility criteria in RCM is related to particular case such as GTA services and w.r.t advocate services they can claim the ITC if they have paid the GST on RCM basis at the rate of 18%.
Can you refer any section ??
For RCM related queries refer section 9(3) & 9(4) of CGST Act.
Recent Threads
- Deferment period for Advance Tax under Section 234
- Permanant transfer of duty free goods by Advance A
- 1% TDS Deduction on Property purchase through inst
- Tax on leave encashment on retirement
- Guidance Required on Notices Under Section 234B Af
- Rcm invoices and normal invoice
- Regarding STCG on Equity
- GSTR 9 details with same PAN & different Turno
- Hotel ITC
- ITR for Trust- 12A
Related Threads
CAclubindia
