RCM paid on ocean Freight - ITC Availment

We have not paid RCM on ocean freight for FY 2017-18. Now, we need to pay RCM on ocean Freight.

Please suggest that ITC shall be availed on RCM paid on ocean Freight during current year I.e., in May 2019
"Do the Right Thing...!!!"

Yes... Pay the Rcm amount with interest after claim as ITC.

ITC can be claimed in tax paid for RCM

Total likes : 3 times


GST Certification Course

No Itc not available. due date of taking credit for FY 2017-18 is 31.3.19
you can only pay taxes, interest, penalty, fee, fine. But u can't claim credit
Chartered Accountant

FY 17-18 RCM can only be paid and is not available as ITC now.


if the supplier of the service located in non taxable territory (place outside India/) you hab eto pay IGST 5% under rcm and take credit ...

of the service provided by person in non taxable territory to a person in non taxable territory, credit for tax charged in goods (other than ships, vessels etc) not be taken

Total likes : 2 times



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