YES.
For an NBFC, the 50% ITC restriction under Rule 38 applies even to ITC arising from RCM, unless the NBFC opts for the proportionate reversal method under Rule 42.
CMNITY HIRE
New Delhi
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YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
