RCM on Freight Applicable or Not @ 5%
Input Allowed in same month
Yes. RCM is applicable u/s 9(3).
However, input cannot be availed in the same month as inputs under RCM can only be availed under paying tax under RCM (i.e when liability is offset). Therefore, input can be taken only in the next month.
T R SOOD & CO
New Delhi
CA Inter
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
