A Company who is in business of tourism industry and depositing the taxes at 5% on sales ( without Claiming the ITC).
Scenario : - RCM on services taken from the advocate.
If the company deposit the taxes under the RCM then could they also claim the ITC ???
6 Replies
Shivam RC
(Student)
(23683 Points)
Replied 12 November 2020
No the Company will not be able to claim ITC on GST paid under RCM basis.
Ranga raj
(still studying)
(122 Points)
Replied 14 November 2020
I guess, the ineligibility criteria in RCM is related to particular case such as GTA services and w.r.t advocate services they can claim the ITC if they have paid the GST on RCM basis at the rate of 18%.
Ranga raj
(still studying)
(122 Points)
Replied 14 November 2020
For RCM related queries refer section 9(3) & 9(4) of CGST Act.
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