Goods and Services Tax – Started By: – Ankush Chattopadhyay – Dated:- 21-3-2018 Last Replied Date:- 26-3-2018 – It is my understanding that RCM needs to be paid/settled using hard money, cash, and not paid/adjusted using CENVAT Credit.But what are the implications in a situation/scenario where it has already been paid/adjusted using CENVAT Credit.Thank you in advance,Ankush. – Reply By KASTURI SETHI – The Reply = That is an offence and wrongly used ITC and hence will attract interest and penalt
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =