https://www.taxtmi.com/circulars?id=67740 Where a registered recipient must issue the invoice and pay tax under the reverse charge mechanism for supplies from unregistered persons, 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; availment remains subject to payment of tax, fulfilment of other statutory conditions for ITC, payment of interest for delayed tax, and possible penal consequences for delayed issuance or payment. en-us Tue, 30 Jul 2024 00:00:00 +0530 Tue, 20 Aug 2024 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67740 Where a registered recipient must issue the invoice and pay tax under the reverse charge mechanism for supplies from unregistered persons, 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; availment remains subject to payment of tax, fulfilment of other statutory conditions for ITC, payment of interest for delayed tax, and possible penal consequences for delayed issuance or payment. Circulars GST - States Tue, 30 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67740