Refund of ITC on RCM paid

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Manager Accounts
44 Points Posted on 10 April 2021

Is refund of ITC availed on account of tax paid under RCM tenable in Law if the same can not be utilized for outward supply?

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On 10 April 2021 at 10:41 Report
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Quick Summary
This discussion addresses whether a refund of Input Tax Credit (ITC) paid under the Reverse Charge Mechanism (RCM) is legally permissible, especially if the ITC cannot be used for outward supplies. Opinions are divided, with some suggesting it's claimable as per GST law, while others believe it is not.

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Chief Accountant
3150 Points Posted on 11 April 2021
No, you can claim the same as refund as per GST law.
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On 11 April 2021 at 01:48
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2742 Points Posted on 18 April 2021
No , I think you cannot claim refund
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On 18 April 2021 at 08:29

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