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Topic:reverse charge ?

AnonymousPosted on 8th January,2021 05:15 PM

Is ITC allowed on taxes paid by regisistered person under reverse charge basis.Explain?\r\n
Main Category: GST | Sub Category: Others | Reply Count: 1 |
Replies:-

BMC Associates says Replied on 27th June,2026 11:05 AM

Yes, Input Tax Credit (ITC) is generally allowed on GST paid under the Reverse Charge Mechanism (RCM), provided the registered person satisfies the conditions prescribed under the GST law. The recipient must first pay the GST liability under reverse charge in cash, and once the tax has been paid, the ITC can be claimed if the goods or services are used for business purposes and all eligibility conditions are fulfilled under the CGST Act. For professional assistance with GST compliance, reverse charge transactions, and ITC claims, businesses can consult experienced chartered accountant firms in gurgaon. A knowledgeable chartered accountant gurgaon, trusted ca firm in gurgaon, or expert ca in gurgaon can help ensure accurate GST reporting and compliance with the applicable provisions.

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