https://www.taxtmi.com/circulars?id=69957 Clarification is issued on the time limit for availment of input tax credit under section 16(4) of the Assam GST Act in cases where a registered recipient receives supplies from an unregistered person and pays tax under reverse charge mechanism. For such supplies, the recipient must issue the invoice under section 31(3)(f), and the relevant financial year for computing the ITC time limit is the year in which that invoice is issued, subject to payment of tax and satisfaction of the conditions under sections 16 and 17. Delayed invoicing may also attract interest and penalty. en-us Mon, 08 Jul 2024 00:00:00 +0530 Thu, 28 May 2026 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69957 Clarification is issued on the time limit for availment of input tax credit under section 16(4) of the Assam GST Act in cases where a registered recipient receives supplies from an unregistered person and pays tax under reverse charge mechanism. For such supplies, the recipient must issue the invoice under section 31(3)(f), and the relevant financial year for computing the ITC time limit is the year in which that invoice is issued, subject to payment of tax and satisfaction of the conditions under sections 16 and 17. Delayed invoicing may also attract interest and penalty. Circulars GST - States Mon, 08 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69957