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)
(5128 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...!!!")
(128091 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.
Recent Topics
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
Related Threads
CAclubindia
