What is mean ITC?
chandan acharjee (accounts officer) (49 Points)
01 April 2019
ITC MEAN RCM PLUS INPUT TAX YES OR NO.IF ITS NOT MEANING PLEASE ADVICE ME WHAT IS CORRECT ANSWER?
2 Replies
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 01 April 2019
ITC means Input Tax Credit : Includes Input tax of RCM .
Kindly Refer defination for Input Tax , section 2(62), & Input Tax Credit Section 2(63)
Kindly Refer defination for Input Tax , section 2(62), & Input Tax Credit Section 2(63)
Mohit Jagnani
(Professional - CA firm)
(524 Points)
Replied 01 April 2019
Hi chandan,
I guess u are trying to ask that when can u avail credit
For purchase other than rcm credit can be availed in same month
However for rcm purchase credit can only be availed in next month
For further assistance kindly reach out to us
HAPPY TO HELP
MOHIT JAGNANI
8820448170
I guess u are trying to ask that when can u avail credit
For purchase other than rcm credit can be availed in same month
However for rcm purchase credit can only be availed in next month
For further assistance kindly reach out to us
HAPPY TO HELP
MOHIT JAGNANI
8820448170
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