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of <h1>Haryana GST: Clarification on ITC Time Limit for RCM Supplies from Unregistered Persons u/s 16(4.</h1> The circular clarifies the time limit for availing input tax credit (ITC) under Section 16(4) of the Haryana Goods & Services Tax Act, 2017, concerning reverse charge mechanism (RCM) supplies from unregistered persons. It specifies that the relevant financial year for ITC is the year in which the recipient issues the invoice, not when the supply was received. This aims to avoid disputes and ensure consistent application of the law. The recipient must issue the invoice and pay tax under RCM, with interest and potential penalties for delayed payments. Compliance with conditions under Sections 16 and 17 is required.
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