GST PAID UNDER RCM

This discussion addresses whether Input Tax Credit (ITC) can be claimed for GST paid under the Reverse Charge Mechanism (RCM) for the financial years 2017 to 2021. The general consensus is that ITC for RCM payments made during this period cannot be claimed, as the deadline for claiming ITC for any financial year is typically the due date of the September return of the subsequent assessment year. ITC is generally only available for periods starting from April 2021 onwards.