RCM Credit 2017-18

This discussion addresses whether RCM (Reverse Charge Mechanism) liability from the 2017-18 financial year can be paid in the current tax period and subsequently claimed as credit. While it is generally permissible to pay the outstanding RCM liability late, interest may be applicable on the tax component due to the delay. It's important to note that while you can pay the tax, input tax credit (ITC) might not be allowed in all cases.