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Mar 14, 2019 at 11:59 AM

Reverse Charge Mechanism(RCM)- Input Tax Credit Set off

466 Views Last edit Mar 15, 2019 at 03:11 PM 3 rev

Dear Experts,

In RCM in India when we take Input tax Credit then in which month we should claim it?

What is the Standard Byd practice?

As currently in system i could see that utilization is claimed in same month wherein it should in next month.

Thanks.

Regards,

Rutuja K.

SAP BYD FINANCE