Sirs
A company has not availed ITC of some invoices of services of the period July 17 to March 18,
by virtue of the order 02/2018 issued by CBIC dated 31/12/2018 can this ITC be availed now in Dec 2018
Can RCM Liability of IGST on import of services / local CGST/SGST which was not paid during period July 17 to march 18 be paid now and the ITC of RCM be availed in Dec 2018 after payment.
Company Seeks Input Tax Credit for 2017-2018 Invoices: Challenges with Timing and Documentation Under GST Rules A company inquired about claiming Input Tax Credit (ITC) for invoices from July 2017 to March 2018 under the Goods and Services Tax (GST) framework, referencing CBIC order 02/2018. Responses indicated that ITC could be claimed until March 31, 2019, provided relevant documentation is available. The discussion also addressed Reverse Charge Mechanism (RCM) liabilities, noting that self-invoices for RCM raised in the current fiscal year could allow for ITC claims, but the timing of supply and payment must align with GST provisions. The debate highlighted complexities in claiming ITC for past periods. (AI Summary)
TaxTMI 
TaxTMI 
