https://www.taxtmi.com/forum/issue?id=118320 Whether tax paid under reverse charge mechanism on purchases from unregistered suppliers may be claimed as input tax credit when executive notifications exempted the reverse charge liability. Two principal arguments support credit: the statutory definition of input tax contemplates tax charged on supply so tax actually paid remains creditable despite an exemption, and revenue neutrality - the Government should not retain tax erroneously collected. Practical steps include identifying relevant notification coverage, preserving payment records, and relying on tribunal precedent allowing credit or refund where reverse charge was paid mistakenly. en-us Wed, 11 Jan 2023 22:58:24 +0530 Thu, 23 Jan 2025 15:54:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118320 Whether tax paid under reverse charge mechanism on purchases from unregistered suppliers may be claimed as input tax credit when executive notifications exempted the reverse charge liability. Two principal arguments support credit: the statutory definition of input tax contemplates tax charged on supply so tax actually paid remains creditable despite an exemption, and revenue neutrality - the Government should not retain tax erroneously collected. Practical steps include identifying relevant notification coverage, preserving payment records, and relying on tribunal precedent allowing credit or refund where reverse charge was paid mistakenly. Discussion-Forum GST Wed, 11 Jan 2023 22:58:24 +0530 https://www.taxtmi.com/forum/issue?id=118320