Can ITC be availed on RCM to be paid now (FY 2021-2022) for an expense related to FY 2017-18 ?
Payment will be done via cash ledger (bank transfer) and in accordance with section 73 vide DRC03.
Pradeep Bhati (Individual) (21 Points)
28 August 2021Can ITC be availed on RCM to be paid now (FY 2021-2022) for an expense related to FY 2017-18 ?
Payment will be done via cash ledger (bank transfer) and in accordance with section 73 vide DRC03.
CA Amit Shingala
(PRACTICE)
(164 Points)
Replied 29 August 2021
Bhavika Kothari
(CA)
(1258 Points)
Replied 06 September 2021
Input tax credit (ITC) for FY 2017-18 cannot be claimed now
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