Reverse charge mechanism

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1 Points Posted on 16 June 2020
Claiming of input under reverse charge mechanism
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On 16 June 2020 at 18:26 Report
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Quick Summary
Registered dealers, excluding those under the composition scheme, can claim Input Tax Credit (ITC) on taxes paid via the Reverse Charge Mechanism (RCM). To be eligible for this claim, the RCM tax must have been paid using the cash ledger.

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4215 Points Posted on 16 June 2020
Are you a registered dealer
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On 16 June 2020 at 21:39
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accountant
519 Points Posted on 16 June 2020

if RCM was paid then claim it if you are not composition dealer

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On 16 June 2020 at 21:52
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Student
23693 Points Posted on 16 June 2020
You can claim ITC on Taxes paid via Reverse Charge Mechanism (RCM) basis if you are a Regular Dealer.
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On 16 June 2020 at 23:08
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GST Practitioner
55067 Points Posted on 16 June 2020
Yes can be claimed only when it's paid in cash ledger.
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On 16 June 2020 at 23:31

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