https://www.taxtmi.com/forum/issue?id=116100 Eligibility to claim ITC for GST paid under reverse charge after the underlying payment turns on statutory markers: some commentators treat the transaction as occurring in the year when GST was paid and a self-invoice issued (permitted because no time limit on self-vouchers), others rely on time-of-supply principles tied to payment to allow later-year credit, while a restrictive view emphasises the obligation to issue self-invoices on receipt and the statutory capping that ties credit to the financial year to which the invoice pertains, thus treating the transaction as belonging to the earlier year. en-us Wed, 04 Mar 2020 11:59:55 +0530 Thu, 23 Jan 2025 15:54:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116100 Eligibility to claim ITC for GST paid under reverse charge after the underlying payment turns on statutory markers: some commentators treat the transaction as occurring in the year when GST was paid and a self-invoice issued (permitted because no time limit on self-vouchers), others rely on time-of-supply principles tied to payment to allow later-year credit, while a restrictive view emphasises the obligation to issue self-invoices on receipt and the statutory capping that ties credit to the financial year to which the invoice pertains, thus treating the transaction as belonging to the earlier year. Discussion-Forum GST Wed, 04 Mar 2020 11:59:55 +0530 https://www.taxtmi.com/forum/issue?id=116100