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All QuestionsCategory: GST CompliancesRCM INPUT CREDIT
Profile photo of b pitchi reddyb pitchi reddy asked 4 weeks ago

RCM INPUT CREDIT

Sir, we are Partnership firm can we take credit of RCM forĀ 2018-19 for transport charges paid RCM Now like earlier CENVAT Rules

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Profile photo of Deepa N. TannaDeepa N. Tanna replied 3 weeks ago

https://www.consultease.com/gst-consultancy/can-claim-itc-rcm-next-year/

If service provider is unregistered then there is no limit of raising invoices and taking credit. Read this article. Interest on need to be paid.

4 Answers
Profile photo of CA Venu Gopal GellaCA Venu Gopal Gella answered 4 weeks ago

Time limit for availing Input Tax credit for FY 2018-19 is Sept 2019. IMO you cannot avail the credit now.

Profile photo of Dhiraj dugarDhiraj dugar replied 3 weeks ago

No , Credit for the same cannot be availed now and also if the RCM Liability has not been discharged till date the same needs to be discharged vide DRC-03

Profile photo of Dhiraj dugarDhiraj dugar answered 3 weeks ago

No , Credit for the same cannot be availed now and also if the RCM Liability has not been discharged till date the same needs to be discharged vide DRC-03

Profile photo of Dhiraj dugarDhiraj dugar answered 3 weeks ago

No , Credit for the same cannot be availed now and also if the RCM Liability has not been discharged till date the same needs to be discharged vide DRC-03

Profile photo of Dhiraj dugarDhiraj dugar answered 3 weeks ago

No , Credit for the same cannot be availed now and also if the RCM Liability has not been discharged till date the same needs to be discharged vide DRC-03