availability of itc.

Sumit Rawat (23 Points)

15 August 2017

we have to pay Rcm liability Rs.10000/- for July 2017.
can be take itc in the same month for July return???

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6 Replies

Ganapathi Rajendran (122 Points)
Replied 15 August 2017

No . Credit can be taken after payment only

Ahmed Ali (388 Points)
Replied 15 August 2017

You can utililize this Credit from August month onwards but not in the month of July.

Sumit Rawat (23 Points)
Replied 15 August 2017

if we paid Rcm for July 2017 in the month of August then I can be able to take itc for August return.
is I m right?

Ahmed Ali (388 Points)
Replied 15 August 2017

Yes. For August month return, you are eligible to claim it as ITC but first you have to pay it during the fling of July month return.

Sumit Rawat (23 Points)
Replied 15 August 2017

and where we should to show itc of telephone expenses for business in GStr 3b.

mention point clearly.

NITIN KOTAK (SERVICE) (1465 Points)
Replied 15 August 2017

Yes you can availed, because return valid after payment, please refer video link https://youtu.be/LjGVrBBKwT8

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