Availability of itc on rcm.
This query is : Resolved
26 November 2018
There were some purchase from GTA in FY17-18 which is taxable under RCM. Tax has not been paid till date. The return for the month of September has made already. It is now only came to our knowledge that the tax liability by way RCM has not been paid. So if we pay the tax on RCM in the month of october including interest, ( which relates to FY 2017-18) can we claim Input tax credit for the same?
26 November 2018
Yes you can claim input credit after paying RCM.
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