Sir, we have paid Rs. 48600 RCM from April to November in Dec. 2019.
Can we adjust RCM for output liability. If yes please provide entry
You can not take rcm as a ITC
3 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 19 January 2020
Yes... You can claim ITC for the payment of RCM related tax...
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 19 January 2020
Yes ITC can be claimed on Tax deposited under RCM, Except Taxpayer paying tax under section 10(composit dealer)
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