GST ON RCM

Can we take ITC on reverse charges for fy 2017-18 if we are paying the same in fy 2019-20 with annual return.

Replies (4)
Quick Summary
This discussion addresses whether Input Tax Credit (ITC) can be claimed on Reverse Charge Mechanism (RCM) payments made in FY 2019-20 for the financial year 2017-18. The consensus is no, you cannot claim ITC for RCM liabilities from FY 2017-18 or even FY 2018-19, particularly if paying in a later financial year. Reference is made to Order 1/2018 CT and a general deadline of 31st March 2019 for such claims.

No you cannot take ITC
No.... you cannot (In term of Order 1/2018 CT)
No... The Rcm Tax is not available for claim ITC. The time period is 31st Mar-19...
No. You can not avail ITC related to f.y. 2017-18 and even for 2018-19.

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