can RCM liability be clubbed to all other itc
what is the consequences of it.
should we pay interest and penalty
RCM liability is payable in Cash only ( through Cash ledger ) , ITC not available to discharge liability.
3 Replies
CA Anoop Kumar Sharma
(Accounts Manager)
(2065 Points)
Replied 25 May 2024
RCM pay only cash ledger and interest will be liable if it is pay late
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