RCM OF 18-19 PAID IN FY 19-20

This discussion addresses whether Input Tax Credit (ITC) can be claimed for Reverse Charge Mechanism (RCM) GST liabilities pertaining to FY 18-19, but paid in FY 19-20. The consensus is that ITC cannot be claimed in this scenario because the relevant time period for claiming ITC has passed. Therefore, the GST paid on RCM for director remuneration for FY 18-19, when paid in February 2020, cannot be offset by ITC in the March 2020 GSTR 3B.