RCM ITC and interest on late payment of RCM

This discussion clarifies the rules around Reverse Charge Mechanism (RCM) input tax credit (ITC) for the 2017-18 financial year. If RCM dues for that period remain unpaid and are settled in FY 2019-20 during the GSTR 9 filing, you generally cannot claim the ITC for that amount. However, interest at 18% per annum is applicable on the unpaid RCM amount from the original due date until payment.