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of <h1>Maharashtra GST Clarifies ITC Time Limit for RCM Supplies from Unregistered Persons u/s 16(4) MGST Act 2017.</h1> The Maharashtra State GST office has issued a circular clarifying the time limit for availing input tax credit (ITC) under section 16(4) of the MGST Act, 2017, concerning reverse charge mechanism (RCM) supplies from unregistered persons. The circular aligns with a similar directive from the Central Board of Indirect Taxes and Customs (CBIC). It specifies that the relevant financial year for calculating the ITC time limit is when the recipient issues the invoice under section 31(3)(f) of the CGST Act. Delayed issuance of invoices may attract interest and penalties. The circular aims to ensure uniformity and reduce litigation.
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