Who can avail ITC

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23 Points Posted on 13 June 2021
Can a person paying tax under RCM avail benefit of ITC??
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On 13 June 2021 at 02:45 Report
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Quick Summary
If you've paid tax under the Reverse Charge Mechanism (RCM), you can indeed claim Input Tax Credit (ITC). This is permissible provided your outward supplies are subject to tax. The ability to avail ITC is contingent on making taxable supplies of goods or services.

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GST Consultant
15986 Points Posted on 13 June 2021
Yes you can provided your outward supplies are taxable
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On 13 June 2021 at 04:13
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Chartered Accountant
24588 Points Posted on 13 June 2021
Yes ITC can be available
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On 13 June 2021 at 06:01
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1388 Points Posted on 13 June 2021
Yes you can avail the itc
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On 13 June 2021 at 13:08
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Advocate and GST Practitioner
245 Points Posted on 14 June 2021
Yes, subject to taxable supply of goods or services.
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On 14 June 2021 at 22:39
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CA
1258 Points Posted on 24 June 2021

Yes if you have paid tax under Reverse Charge Mechanism (RCM) then you can avail ITC of the same

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On 24 June 2021 at 22:37

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