banner_ad

Input Tax credit on RCM

ITC / Input 1554 views 7 replies
User Avatar

26 Points Posted on 25 February 2019
can I get the benifit of itc in RCM under GST??
0 Reply Share Follow
On 25 February 2019 at 14:53 Report
Replies (7)
User Avatar

Nil
2791 Points Posted on 25 February 2019

Yes 

Reply
On 25 February 2019 at 14:54
User Avatar

26 Points Posted on 25 February 2019
how I get this ? what is the activity behind this procedure
Reply
On 25 February 2019 at 14:55
User Avatar

Nil
2791 Points Posted on 25 February 2019

First shown it under out put liability (GSTR 3 B) and the same claimed in the input available column in the GSTR 3 B

Reply
On 25 February 2019 at 14:57
User Avatar

Student
7053 Points Posted on 25 February 2019
beat available answer here https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=7560&kw=WHEN-CAN-ONE-TAKE-ITC-FOR-RCM-CASES
Reply
On 25 February 2019 at 16:06
User Avatar

Senior Accountant
213 Points Posted on 25 February 2019
input includes tax paid under rcm.first make the payment through e cash ledger then avail credit through e credit ledger.but since output tax doesnt include tax paid under rcm, input available on account of rcm can be used only against liability under rcm
Reply
On 25 February 2019 at 17:04
User Avatar

62 Points Posted on 25 February 2019
you can easily take itc on rcm first you mentioned inwards supply as reverse charge in GSTR - 3B. if there is payable in that month you should pay rcm amount merge with total taxable liability there is no need to make separate challan for rcm after pyt you will easily take itc on that rcm amount
Reply
On 25 February 2019 at 18:04
User Avatar

Student
7053 Points Posted on 25 February 2019
@ NithinSivadas Nice and orderly explanation 👍
Reply
On 25 February 2019 at 23:10


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details