Question: can rcm be adjusted against itc?
Answer: As per Section 9(3) and 9(4), the businesses cannot adjust RCM with ITC. You have to debit your cash ledger, in other words, you have to pay the RCM amount. ... GST Liability under RCM needs to be paid in cash and it can be adjusted against your other income liability only in the month in which the liability has been paid.