18 May 2022
Dear Experts If a registered recipient taken advocate service Rs. 100000.00 of 15th April 2022 and booked the RCM liability Rs.18000/- in his books on Apr 22. But the payment was made to the supplier on 14th May 2022. So my question is, 1. Recipient can get the ITC under RCM in April or in May? 2. If not in Apr then the recipient should pay the RCM Liability Rs.18000/- through the cash ledger in April then the RCM input will get a refund or will adjust with the RCM liability ahead once payment is done? Request you to all experts to have a look at this issue and guide me. Thank you
18 May 2022
1 RCM can be taken in the month of payment of RCM irrespective of payment to the supplier. 2 Pay RCM and claim ITC on it against output liability.
CAclubindia
