RCM - not paid

[VIGNESH]

Sir. kindly clarrify , We have received a notice for non payment of RCM for financial year 2017-2018 unforunately we have missed the same, can we pay tax +interest and claim tax now!

AI Summary

Business Entity Faces RCM Tax Non-Payment Notice; Experts Debate ITC Claim Feasibility Post-Section 39 (9) Amendments A business entity received a notice for non-payment of Reverse Charge Mechanism (RCM) tax for the financial year 2017-2018 and inquired about the possibility of paying the tax with interest and claiming input tax credit (ITC). Responses varied: some experts noted that ITC could be claimed until March 2019, but not afterward, while others suggested that claiming ITC now might require litigation. The discussion highlighted the complexities introduced by amendments to Section 39 (9) and the potential costs of litigation. Opinions diverged on the feasibility and advisability of pursuing ITC claims in court.