RCM April to November

19 January 2020

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

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3 Replies

Mithun Ghosh (31 Points)
Replied 19 January 2020

You can not take rcm as a ITC

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 19 January 2020

Yes... You can claim ITC for the payment of RCM related tax...

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Pankaj Rawat (GST Practitioner) (55057 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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