Reverse charge on GTA
Hitesh rawal (402 Points)
09 October 2020
can we claim the RCM in same month in which month we are paying Rcm, In input section or to be claimed next Month.
2 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 09 October 2020
Yes, You can claim in same month..
But RCM liability you have to pay in cash only, can't adjust that RCM liability against ITC.
But RCM liability you have to pay in cash only, can't adjust that RCM liability against ITC.
ayusmita
(Tax consultant)
(5885 Points)
Replied 11 October 2020
You can
but first paid in cash then claim
but before paying in cash check the exemption list of RCM if you comes under eligibility or not
but first paid in cash then claim
but before paying in cash check the exemption list of RCM if you comes under eligibility or not
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