Easy Office
LCI Learning

Transportation RCM which % Input Credit availability

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 March 2022 Sir,

Transportation RCM 5% paying every month, Showing IT 3B RCM column and ITC Column.

Now my doubt is RCM ITC 5% , can we use Output Payment from ITC Credit Ledger.

Some one informed This RCM 5% ITC cannot take only 12% RCM will ITC Available, plz clarify my doubt.

Thanking you,
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
04 March 2022 Yes, you can use it for payment of output from ITC credit ledger.
Somebody misinformed you.
Profile Image

ARCHANA

Profile Image

ARCHANA (Querist)
07 March 2022 Thank you sir for your reply
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links