We paid rcm on freight Our client fall into inverted duty refund Can we claim refund of rcm too ( both registered GTA and unregistered GTA)
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Quick Summary
This discussion explores whether businesses eligible for an inverted duty refund can also claim back the Reverse Charge Mechanism (RCM) tax paid on freight. The user, a manufacturer selling goods at 5% GST after purchasing at 18%, paid RCM on freight and wants to know if this RCM amount can be included in their refund claim, regardless of whether the GTA was registered or unregistered.
We are manufacturer our purchase @ 18% and sale @ 5% and we paid rcm on Freight. so my question is can we refund claim including rcm tax only tax paid on goods only
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