https://www.taxtmi.com/circulars?id=69520 The time limit for availment of input tax credit under section 16(4) of the APGST Act, 2017, in respect of supplies received from unregistered persons and taxed under reverse charge mechanism, is linked to the financial year in which the recipient issues the invoice under section 31(3)(f). In such cases, the relevant year is the year of invoice issuance, subject to payment of tax and fulfilment of the conditions and restrictions under sections 16 and 17. Delayed issuance of the invoice may require payment of interest and may also attract penal action under section 122. en-us Mon, 01 Jul 2024 00:00:00 +0530 Tue, 14 Apr 2026 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69520 The time limit for availment of input tax credit under section 16(4) of the APGST Act, 2017, in respect of supplies received from unregistered persons and taxed under reverse charge mechanism, is linked to the financial year in which the recipient issues the invoice under section 31(3)(f). In such cases, the relevant year is the year of invoice issuance, subject to payment of tax and fulfilment of the conditions and restrictions under sections 16 and 17. Delayed issuance of the invoice may require payment of interest and may also attract penal action under section 122. Circulars GST - States Mon, 01 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69520