Can we avail in 2024 RCM on Freight, Directors Salary etc Deposited for 2018, 2019, 2020, 2021 and 2023 through DRC-03 against demand of Audit ?
If yes, then under which provisions ?
How to treat / show entry in GST Return?
1 Replies
Suthaniya P
(170 Points)
Replied 14 November 2024
Section 16(4) of the CGST Act prescribes a time limit to avail the ITC that the ITC cannot be availed from any invoice or debit note after the 30th of November following the end of the financial year to which such invoice or debit note pertains or furnishing of the relevant annual return, whichever is earlier.
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