https://www.taxtmi.com/forum/issue?id=119812 ITC on tax paid under reverse charge depends on the timing of payment and the date the recipient issues the invoice: if the recipient issues the invoice in a later financial year within the prescribed timeline, the ITC claim period may be reset and credit may be available; conversely, payment made outside the statutory time limit or tax paid under specified penal assessment provisions will generally be ineligible for ITC. Interest and penalty exposure may arise for delayed issuance or payment. en-us Thu, 03 Apr 2025 13:02:57 +0530 Mon, 14 Apr 2025 20:15:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119812 ITC on tax paid under reverse charge depends on the timing of payment and the date the recipient issues the invoice: if the recipient issues the invoice in a later financial year within the prescribed timeline, the ITC claim period may be reset and credit may be available; conversely, payment made outside the statutory time limit or tax paid under specified penal assessment provisions will generally be ineligible for ITC. Interest and penalty exposure may arise for delayed issuance or payment. Discussion-Forum GST Thu, 03 Apr 2025 13:02:57 +0530 https://www.taxtmi.com/forum/issue?id=119812