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RCM claim

Manish S Thingalaya (student) (430 Points)

01 June 2018

can I claim the ITC of the RCM in the same month ?

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9 Replies

RAJA P M ("Do the Right Thing...!!!") (127984 Points)
Replied 01 June 2018

Yes... You can.

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Manish S Thingalaya (student) (430 Points)
Replied 01 June 2018

in that means we are not paying anything..

Bibek jaiswal (Accountant) (528 Points)
Replied 01 June 2018

No you have to pay the RCM amount and take input of that.

Vijay Shiroya Adv (64 Points)
Replied 01 June 2018

no .first u have to pay rcm liabilities in cash or cheque even if u have credit in ledger. then after u can claim itc in same month

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RAJA P M ("Do the Right Thing...!!!") (127984 Points)
Replied 01 June 2018

Ha Ha Ha Ha Ha Ha
😇😇😇😇😇😇😇😇

@ Manish.,

Are you joking...? or tease CCI participants?

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MURALI NADIMINTI (502 Points)
Replied 01 June 2018

there is no proper clarity to take input tax credit in which month have to take credit. one thing we can understood, first pay tax and get credit . ie. next month in which file the return.

most of companies are taking credit in month in which file the return.

in case anybody having with proper rule, pls share it

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