Can the RCM applicable on previous year purchase invoices paid in current year,be availed current year?
rutuja prabhune (107 Points)
16 May 2024Can the RCM applicable on previous year purchase invoices paid in current year,be availed current year?
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3393 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...!!!")
(127921 Points)
Replied 16 May 2024
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