RCM Credit 2017-18
vinit (nasik) (56 Points)
25 March 2022
RCM not paid in the year 2017-18 now I want to pay the RCM can i pay RCM in the current return and claim credit?
4 Replies
CA Puja Sharma
(Chartered Accountant)
(5010 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)
(15971 Points)
Replied 29 March 2022
You can pay tax under RCM but ITC will not be allowed
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