https://www.taxtmi.com/circulars?id=67667 Clarifies that for supplies from unregistered persons where tax is payable by the recipient under the reverse charge mechanism, the registered recipient must issue the invoice and pay tax; the relevant financial year for the time limit to avail input tax credit is the financial year in which that recipient-issued invoice is issued, subject to payment of tax and other statutory conditions. Delayed issuance after time of supply attracts interest and possible penal consequences. en-us Tue, 02 Jul 2024 00:00:00 +0530 Fri, 12 Jul 2024 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67667 Clarifies that for supplies from unregistered persons where tax is payable by the recipient under the reverse charge mechanism, the registered recipient must issue the invoice and pay tax; the relevant financial year for the time limit to avail input tax credit is the financial year in which that recipient-issued invoice is issued, subject to payment of tax and other statutory conditions. Delayed issuance after time of supply attracts interest and possible penal consequences. Circulars GST - States Tue, 02 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67667