Input Tax Credit Under Reverse Charge

[Shreyansh Agrawal]

Dear Experts,

My Client has paid GST under Reverse Charge in the month of July. whether i will get credit in the month of July itself or in Subsequent Period i.e in August????

AI Summary

Claim ITC for GST Paid Under Reverse Charge in July; Experts Confirm Availability Despite Lack of Official Clarification A client inquired about the availability of Input Tax Credit (ITC) for GST paid under reverse charge in July. Experts confirmed that ITC is available in the same month, with the system prompting the claim during return filing. Despite the consensus, one participant noted the absence of an official clarification on this matter. The Institute of Chartered Accountants of India has sought clarification, but the general understanding is that ITC can be claimed in the month of payment, as the conditions for claiming ITC are fulfilled.