Is tax payable under RCM include in Input tax?

Bhargav · 8 May 2024

Thanks 👍

Vanshika · 7 May 2024

U can take ITC of rcm but u have to Compulsorily pay it through cash u can't set off your credit ledger balance with rcm payable

Bhargav · 7 May 2024

That means first I take it under input and claim credit and while computing net GST payable I add back GST on RCM right?will that be correct?

Riya · 7 May 2024

Input tax includes tax payable on RCM and IGST leviable on import of goods

Harsh · 7 May 2024

You will get ITC under RCM only when you are recipient ( who is required to pay tax to govt.) & covered under reverse charge mechanism

Deeksha · 7 May 2024

You can't take ITC while paying tax on RCM, but the tax paid on RCM can be added to ITC.