GST ITC for Jul17 to march 18

[Madhavan iyengar]

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.

AI Summary

Input Tax Credit: transitional relief may allow past-period claims, but reverse-charge timing and invoice attribution can limit entitlement.
Claiming past-period Input Tax Credit for services invoiced July 2017-March 2018 depends on the CBIC transitional direction permitting ITC subject to documentary compliance and on statutory constraints: RCM time-of-supply may have occurred in the earlier year and Section 16(4) limits entitlement to invoices made during that financial year, so a self-invoice raised later may attribute credit to a subsequent year.