Aryan (Sr. Accountant) (242 Points)
23 September 2021Dear All,
How can we get refund of RCM paid? We have paid RCM on import services and next month we have taken its input claim and the amount is reflected in our credit ledger. We are issuing export service invoice as zero rated against LUT.
How can we get refund of RCM paid? What is its process.
Please give the exact applicable form number, what documents are required for this.
Asha Kanta Sharma
(Manager - Finance & Accounts)
(36355 Points)
Replied 28 September 2021
You should have adjusted the RCM payment with Output liability in the same month. This can be done now so technically we are not paying any tax
Aryan
(Sr. Accountant)
(242 Points)
Replied 05 October 2021
Dear Mr Sharma,
As we have mentioned that we do not have taxable services from Feb-2021, so how can we adjust it and further also we will not have any taxable services.
CAclubindia
