RCM ITC eligible for same month
Narayanan S (96 Points)
15 November 2018
We have paid RCM payment subsequent month 20th, the Same month we have utilised, is it ok, please guide me.
4 Replies
Mayur Patil
(Article)
(1276 Points)
Replied 15 November 2018
Yes,You can avail the ITC of RCM in the same month after making the Cash payment of Tax Under RCM.
Sec 31(3)(f) CGST act here recipient issued self invoice if sale made to URD
Rule 36 of CGST Act ITC available against invoice subject to payment of tax as per above section
Sec 31(3)(f) CGST act here recipient issued self invoice if sale made to URD
Rule 36 of CGST Act ITC available against invoice subject to payment of tax as per above section
Azad Korat
(Senior Accountant Manager)
(41 Points)
Replied 11 February 2019
Can any one guide what is the JV for the same
NILESH JHA
(KOLKATA)
(23 Points)
Replied 05 April 2019
Freight inward a/c Dr
I/C/S GST Input a/c Dr
To I/C/S GST Output
To Party a/c
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