Can the RCM applicable on previous year purchase invoices paid in current year,be availed current year?
2 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(6287 Points)
Replied 16 May 2024
You can declare the supplies liable to RCM in GSTR-3B & claim ITC on it. You can declare the supplies under RCM in Table 3.1 (d) of Form GSTR-3B. Go through the detailed checklist to claim maximum ITC and save your money.
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 16 May 2024
You can show and pay TAX under RCM basis.
But, Its can't be avail the ITC.
But, Its can't be avail the ITC.
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