RCM and Import

RCM 113 views 1 replies
Is RCM applicable on Import of material

When can IGST credit availed on Import of material?
Replies (1)
section 16 of cgst act
conditions for taking credit

[a] he is in possession of a tax invoice or debit note issued by a supplier registered under this Act, or such other tax paying documents as may be prescribed;

[b] he has received the goods or services or both.

so after receipt of actual goods and bill of entry u can take this credit


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