ITC on delayed deposit of RCM

[SUSHIL BANSAL]

Dear experts,

Our client received DRC 01A for FY 2021-22, u/s 73 on dated 09.05.2025 for RCM liability on mining Royalty paid. We have paid the royalty but not deposited the RCM.

Plz guide whether now we can deposit the RCM & claim the ITC. If yes, how to do that.

AI Summary

Tax Dispute: RCM Royalty Payment Challenges Examined for Retrospective Deposit and Input Tax Credit Eligibility Under GST Regulations A taxpayer received a DRC-01A notice for unpaid Reverse Charge Mechanism (RCM) on mining royalty for fiscal year 2021-22. The discussion explores whether RCM can be deposited retrospectively and input tax credit (ITC) claimed. Experts suggest that tax can be paid with potential interest, and ITC may be claimed if conditions under GST law are met, including proper documentation and timely compliance with tax regulations.