ITC on missed RCM from FY 2017-2018

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.

Replies (2)
Quick Summary
This discussion addresses whether Input Tax Credit (ITC) can be claimed for Reverse Charge Mechanism (RCM) expenses incurred in FY 2017-18, but paid in FY 2021-2022 via the cash ledger. The consensus is that ITC for FY 2017-18 cannot be claimed retrospectively, even if the RCM payment is made now.

No itc for FY 2017-18 can't be claimed

Input tax credit (ITC) for FY 2017-18 cannot be claimed now

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