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

Reverse charge input tax credit may be claimed in the same month once the tax has been paid. Credit of tax paid under the Reverse Charge Mechanism may be claimed in the same month, provided the tax has been paid; entitlement to input tax credit arises only after payment of the tax under RCM.