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Reverse Charge

RCM 312 views 8 replies
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Service
227 Points Posted on 12 March 2019
Sir,

we r manufacturer and paid rcm u/s 9(4). Next month we take credit of rcm paid.

can we use this itc for set-off outward liability?
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On 12 March 2019 at 20:34 Report
Replies (8)
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Student
7053 Points Posted on 12 March 2019
yes inputs tax credit can be availed on the tax paid on course of RCM also. :)
3 Reply
On 12 March 2019 at 20:59
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CA Final student
7106 Points Posted on 12 March 2019
yes you can
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On 12 March 2019 at 21:57
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Bhopal
1741 Points Posted on 12 March 2019
sec 9(4) provisions are further deffered till the government notifies the specified categories of goods and services.... how come you pay rcm on that?.....
2 Reply
On 12 March 2019 at 22:46
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Student
7053 Points Posted on 12 March 2019
Shailendra under the definition of INPUT TAX CREDIT it's been mentioned that input service or goods where tax been laid by recipient by way of reverse charge mechanism, thereso it can be claimed with your output tax liability
1 Reply
On 12 March 2019 at 22:58
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Bhopal
1741 Points Posted on 12 March 2019
actually that's not something i was saying..... you misinterpreted it..........
m just asking about sec 9(4) provisions.....
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On 12 March 2019 at 23:02
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Student
7053 Points Posted on 13 March 2019
you mentioned *how*
2 Reply
On 13 March 2019 at 08:11
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Bhopal
1741 Points Posted on 13 March 2019
well there is 6 words of entire sentence continued after "how"....
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On 13 March 2019 at 08:17
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7059 Points Posted on 13 March 2019
thank you and congratulations
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On 13 March 2019 at 09:21


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