ITC on RCM related to FY 2017-18

This discussion addresses whether Input Tax Credit (ITC) can be claimed for Reverse Charge Mechanism (RCM) payments made for the financial year 2017-18, specifically when the payment was made in September 2020. The general consensus is that ITC cannot be claimed as the due date for the relevant financial year has passed. The thread explores alternative solutions for taxpayers in this situation, questioning if the entire RCM payment would then be forfeited to the government without any ITC benefit.