Credit of RCM under import of service

[Tarun Agrawal]

Hi

I want to know if the credit of GST paid under RCM can be availed in same month or it has to be done next month

[KASTURI SETHI]

Credit can be taken in the same month. Law is very much clear.

[DR.MARIAPPAN GOVINDARAJAN]

After paying the tax only you can avail input tax credit.

[Pankaj Sharma]

Input Tax Credit of tax paid under Reverse Charge Mechanism can be claimed in same month.

AI Summary

Input Tax Credit for RCM on Imported Services: Claim in Same Month as Tax Payment per Law A participant inquired about the timing for availing GST credit paid under the Reverse Charge Mechanism (RCM) for imported services. Three responses clarified that the input tax credit can be claimed in the same month the tax is paid. One respondent emphasized that the credit can only be availed after the tax payment is made, while others confirmed that the law permits claiming the credit within the same month.