RCM Credit 2017-18
vinit (nasik) (56 Points)
25 March 2022
CA Puja Sharma
(Chartered Accountant)
(4984 Points)
Replied 25 March 2022
Yes you can pay the RCM liability in the current year and take credit.
In my opinion, you will be liable to pay interest on the tax component for late payment.
CA Altamush Zafar
(GST Consultant)
(15966 Points)
Replied 29 March 2022
You can pay tax under RCM but ITC will not be allowed
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)