https://www.taxtmi.com/forum/issue?id=116488 Payments of GST made under the Reverse Charge Mechanism via the liability payment form (DRC-03) discharge the RCM liability and are not credited to the electronic input tax credit ledger, so they generally cannot be converted to ITC. Excess tax deposited may be refundable, with the limitation period reckoned from the date of payment, but taxpayers should file a statutory refund application supported by a statement evidencing excess payment; if the ITC claim period has lapsed, credit is forfeited and refund options are limited. en-us Tue, 16 Jun 2020 16:11:23 +0530 Thu, 23 Jan 2025 15:54:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116488 Payments of GST made under the Reverse Charge Mechanism via the liability payment form (DRC-03) discharge the RCM liability and are not credited to the electronic input tax credit ledger, so they generally cannot be converted to ITC. Excess tax deposited may be refundable, with the limitation period reckoned from the date of payment, but taxpayers should file a statutory refund application supported by a statement evidencing excess payment; if the ITC claim period has lapsed, credit is forfeited and refund options are limited. Discussion-Forum GST Tue, 16 Jun 2020 16:11:23 +0530 https://www.taxtmi.com/forum/issue?id=116488