We have not paid RCM on ocean freight for FY 2017-18. Now, we need to pay RCM on ocean Freight.
Please suggest that ITC shall be availed on RCM paid on ocean Freight during current year I.e., in May 2019
5 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 15 May 2019
Yes... Pay the Rcm amount with interest after claim as ITC.
Mahendra Fatle
(32 Points)
Replied 16 May 2019
No Itc not available. due date of taking credit for FY 2017-18 is 31.3.19
you can only pay taxes, interest, penalty, fee, fine. But u can't claim credit
you can only pay taxes, interest, penalty, fee, fine. But u can't claim credit
CA Haritha Komma
(Chartered Accountant)
(1147 Points)
Replied 16 May 2019
FY 17-18 RCM can only be paid and is not available as ITC now.
CA Shikha Sharma
(Ceo)
(3869 Points)
Replied 16 May 2019
if the supplier of the service located in non taxable territory (place outside India/) you hab eto pay IGST 5% under rcm and take credit ...
of the service provided by person in non taxable territory to a person in non taxable territory, credit for tax charged in goods (other than ships, vessels etc) not be taken
of the service provided by person in non taxable territory to a person in non taxable territory, credit for tax charged in goods (other than ships, vessels etc) not be taken
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