TaxTMI 
TaxTMI 
TaxTMI 
Dear experts,
Please solve my query.
Is it possible to claim credit of tax paid under RCM on input services received after one year of invoice date but immediately in the subsequent return after payment?
Please solve my query
Time limt for Cenvat credit under RCM
Prudhvi Jakkula
Claiming Cenvat Credit on RCM: Experts Say One-Year Limit Applies Under Sections 18(2) & 16(4) of CGST Act. A query was raised regarding the possibility of claiming Cenvat credit for tax paid under the Reverse Charge Mechanism (RCM) on input services received after one year from the invoice date. The consensus among the experts is that both under the pre-GST and GST regimes, the credit must be claimed within one year from the invoice date, as stipulated by Section 18(2) and Section 16(4) of the CGST Act, 2017. The discussion also touched on the distinction between self-invoice issuance and payment challans, with opinions varying on which date should be considered for starting the one-year period. Ultimately, the matter is deemed debatable and may require judicial clarification. (AI Summary)