ITC SET OFF
Ajay Prajapati (512 Points)
20 August 2017
we get ITC on RCM can we set off this amount with our output tax liability or only setoff with our RCM payable ??
3 Replies
Bharatheesh T Nayak
(52 Points)
Replied 20 August 2017
you can setoff it from output tax liability. you cannot use input credit to pay RCM. RCM liability is to be paid by cash only.
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