https://www.taxtmi.com/forum/issue?id=116573 ITC under the Reverse Charge Mechanism is generally available only after the recipient pays the tax, issues any required self-invoice, and reports the payment in the return for the month of discharge; however, a contrary view holds that where the supplier's invoice dates from an earlier year, Section 16(4) and documentary/timing requirements may preclude claiming ITC, exposing taxpayers to audit and potential litigation if credit is taken without satisfying payment, invoicing and reporting conditions. en-us Sat, 25 Jul 2020 10:36:21 +0530 Thu, 23 Jan 2025 15:54:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116573 ITC under the Reverse Charge Mechanism is generally available only after the recipient pays the tax, issues any required self-invoice, and reports the payment in the return for the month of discharge; however, a contrary view holds that where the supplier's invoice dates from an earlier year, Section 16(4) and documentary/timing requirements may preclude claiming ITC, exposing taxpayers to audit and potential litigation if credit is taken without satisfying payment, invoicing and reporting conditions. Discussion-Forum GST Sat, 25 Jul 2020 10:36:21 +0530 https://www.taxtmi.com/forum/issue?id=116573