Who can avail ITC
Can a person paying tax under RCM avail benefit of ITC??
Replies (5)
Quick Summary
Yes you can provided your outward supplies are taxable
Yes ITC can be available
Yes you can avail the itc
Yes, subject to taxable supply of goods or services.
Yes if you have paid tax under Reverse Charge Mechanism (RCM) then you can avail ITC of the same
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
