https://www.taxtmi.com/circulars?id=69318 Where a registered recipient must pay tax on reverse charge for supplies from unregistered suppliers and issues the invoice under the statutory invoice provision, the relevant financial year for the time limit to avail input tax credit is the financial year in which the recipient issues that invoice; ITC is available only subject to payment of the tax and compliance with other statutory conditions, and delayed issuance/payment attracts interest and potential penal consequences. en-us Fri, 05 Jul 2024 00:00:00 +0530 Tue, 10 Mar 2026 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69318 Where a registered recipient must pay tax on reverse charge for supplies from unregistered suppliers and issues the invoice under the statutory invoice provision, the relevant financial year for the time limit to avail input tax credit is the financial year in which the recipient issues that invoice; ITC is available only subject to payment of the tax and compliance with other statutory conditions, and delayed issuance/payment attracts interest and potential penal consequences. Circulars GST - States Fri, 05 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69318