ITC under RCM on Rent paid

Discussion in 'GST (Goods & Service Tax)' started by Ramesh Gurjar, Aug 19, 2017.

  1. Ramesh Gurjar

    Ramesh Gurjar New Member

    We paid Rent in July, owner is individual hence RCM applies then when should we take ITC, in same month i.e., July or in next month.
  2. Raju Choudhary

    Raju Choudhary Active Member Staff Member

    RCM liability is to be discharged in cash within 20 days of the end of the concerned month. The input tax credit of the same shall be availed in the next month i.e. in the month of August.

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