https://www.taxtmi.com/forum/issue?id=115402 Claiming input tax credit for tax paid on self-ascertainment under Section 73(5) for reverse charge supplies depends on time of supply under Section 13(3), timely payment and entry in books, and compliance with Section 16(4) return deadlines; invoices for FY 2017-18 were claimable only within the specific return window cited. Voluntary payment under Section 73(5) can avert penalty where Sections 73(6) and 73(8) conditions are satisfied; statutory notice issuance invokes short response windows that affect penalty exposure. Procedurally, credit is taken by declaring in the relevant return after payment, whether tax is paid by adjustment in the return or via payment challan. en-us Sat, 07 Sep 2019 18:50:09 +0530 Thu, 23 Jan 2025 15:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115402 Claiming input tax credit for tax paid on self-ascertainment under Section 73(5) for reverse charge supplies depends on time of supply under Section 13(3), timely payment and entry in books, and compliance with Section 16(4) return deadlines; invoices for FY 2017-18 were claimable only within the specific return window cited. Voluntary payment under Section 73(5) can avert penalty where Sections 73(6) and 73(8) conditions are satisfied; statutory notice issuance invokes short response windows that affect penalty exposure. Procedurally, credit is taken by declaring in the relevant return after payment, whether tax is paid by adjustment in the return or via payment challan. Discussion-Forum GST Sat, 07 Sep 2019 18:50:09 +0530 https://www.taxtmi.com/forum/issue?id=115402