Dear Experts,
I am reaching out to seek your guidance regarding the Input Tax Credit (ITC) on the tax component paid under section 73. Specifically, I would like to understand whether it is permissible to avail of ITC of the tax component when payment is made through DRC-03 or DRC-07 ? If it can be availed what is the time limit of utilizing so?
Upon perusal of Rule 36(4), I did not find any explicit restrictions concerning this matter, which raises my query further.
Regards,
S Ram