https://www.taxtmi.com/circulars?id=71126 For reverse-charge supplies received from unregistered persons, the relevant financial year for the input tax credit limitation is the year in which the registered recipient issues the self-invoice. The recipient must issue the invoice, pay reverse-charge tax in cash, and possess the prescribed tax-paying document before availing credit. Credit is subject to the applicable section 16(4) deadline, payment of tax, and other input tax credit conditions and restrictions. Delayed invoice issuance or tax payment may attract interest and penal action. en-us Fri, 12 Jul 2024 00:00:00 +0530 Sat, 05 Sep 2026 13:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71126 For reverse-charge supplies received from unregistered persons, the relevant financial year for the input tax credit limitation is the year in which the registered recipient issues the self-invoice. The recipient must issue the invoice, pay reverse-charge tax in cash, and possess the prescribed tax-paying document before availing credit. Credit is subject to the applicable section 16(4) deadline, payment of tax, and other input tax credit conditions and restrictions. Delayed invoice issuance or tax payment may attract interest and penal action. Circulars GST - States Fri, 12 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71126