ITC available or not paid by DRC03

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3 Points Posted on 27 July 2020
If a paid reverse charge liability through DRC03 for 2019-20 SO CAN I ELIGIBLE FOR ITC IN FY 2020-21?
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On 27 July 2020 at 08:18 Report
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This discussion clarifies whether Input Tax Credit (ITC) can be claimed if reverse charge liability was paid using DRC-03 for the 2019-20 financial year. The consensus is that ITC cannot be claimed in such scenarios, even after payment has been made through DRC-03.

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17 Points Posted on 27 July 2020
No, you not able to claim itc , if you paid rcm through DRC 3
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On 27 July 2020 at 08:53
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3 Points Posted on 27 July 2020
Thank you prabhakar ji
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On 27 July 2020 at 08:54
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1313 Points Posted on 27 July 2020
You cannot claim ITC in this case.
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On 27 July 2020 at 16:08
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CA
1258 Points Posted on 30 July 2020

No you cannot claim the ITC

1 Reply
On 30 July 2020 at 20:20

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