https://www.taxtmi.com/forum/issue?id=119527 Time of supply for RCM services is the earlier of payment date or other prescribed events; a prospectively introduced rule requires recipients who pay tax under RCM to issue a self invoice within thirty days of receipt. A revenue circular states the financial year for ITC time bar is the year in which the recipient issues the self invoice, subject to section based conditions, and warns that issuing the invoice after time of supply can trigger interest on delayed tax and potential penalty exposure. en-us Sat, 18 Jan 2025 15:06:52 +0530 Wed, 29 Jan 2025 06:08:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119527 Time of supply for RCM services is the earlier of payment date or other prescribed events; a prospectively introduced rule requires recipients who pay tax under RCM to issue a self invoice within thirty days of receipt. A revenue circular states the financial year for ITC time bar is the year in which the recipient issues the self invoice, subject to section based conditions, and warns that issuing the invoice after time of supply can trigger interest on delayed tax and potential penalty exposure. Discussion-Forum GST Sat, 18 Jan 2025 15:06:52 +0530 https://www.taxtmi.com/forum/issue?id=119527