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TMI BlogSection 16(4) vs RCMX X X X Extracts X X X X X X X X Extracts X X X X ..... For the FY 2020-21, we have failed to pay RCM on Freight, Can we pay and claim ITC in FY 2021-22 sir - Reply By PAWAN KUMAR - The Reply = Dear sir, As per my view, since services of Transportatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n received during 2020-21, Payment of which already made during FY 2020-21 but GST only left to pay to Govt. Hence acutal time for payment was already lapsed. now you need to pay along with interes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t and you may claim ITC of GST amount paid, restriction under section 16(4) will not apply. Only there will be interest expense. - Reply By Amit Agrawal - The Reply = Please see discussion under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Issue Id: - 117652 - Reply By PAWAN KUMAR - The Reply = dear sir, i read your reply, it is absolutely fine, ITC is admissible on payment, in case of RCM. - Reply By KASTURI SETHI - The Reply = ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Chances are bleak without litigation. - Reply By Shilpi Jain - The Reply = If the other party is the tax department, many things chances are bleak. But the taxpayer can considering his risk appeti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... te take the other way to challenge department of required. - Section 16(4) vs RCM - Query Started By: - NARENDER YARRAGORLA Dated:- 26-2-2022 Goods and Services Tax - GST - Got 5 Replies - GST - Di ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... scussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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