Rama chary Rachakonda (Master in Accounts & Lawyer email ID:firstname.lastname@example.org voice no:9989324294) 25 September 2021
TREATMENT OF RETENTION MONEY UNDER GST;
Section 13 of CGST Act, 2017 provides that works contractor would be required to deposit the tax on the entire invoice amount, irrespective of the fact that only part of the invoice amount has been paid by the recipient.
CA Altamush Zafar (GST Consultant) 25 September 2021
Yes you can claim but you will have to pay within 6 months other wise that portion ITC will have to be reversed with interest.