Input tax credit timing: ITC window tied to the invoice issuance year for RCM supplies from unregistered suppliers. Where tax is payable under reverse charge on supplies from unregistered persons, the recipient must issue the invoice under Section 31(3)(f), pay tax in cash, and may claim input tax credit only within the time limit computed from the financial year in which that recipient issued invoice pertains, subject to fulfillment of other ITC conditions. Delayed issuance/payment attracts interest and potential penalties.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input tax credit timing: ITC window tied to the invoice issuance year for RCM supplies from unregistered suppliers.
Where tax is payable under reverse charge on supplies from unregistered persons, the recipient must issue the invoice under Section 31(3)(f), pay tax in cash, and may claim input tax credit only within the time limit computed from the financial year in which that recipient issued invoice pertains, subject to fulfillment of other ITC conditions. Delayed issuance/payment attracts interest and potential penalties.
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