Reverse charges on discount

@ ARVIND,

                 Your query is not clear. However, I understand that you have received 10 lacs discount( from someone)and shown as indirect income.  Now you are saying you want to pay the tax under reverse charge. Since, you mentioned this amount as discount , reverse charge is not applicable to this. 

               I also understand that you want to know whether ITC can be availed on payment of tax under reverse charge. The answer is yes, but subject to the time limit specified under section 16(4).

@ ARVIND,

                    Still your query is not to the point, you may contact me on whatsapp 6380 592 749