Can ITC be availed on RCM to be paid now (FY 2021-2022) for an expense related to FY 2017-18 ?
Payment will be done via cash ledger (bank transfer) and in accordance with section 73 vide DRC03.
2 Replies
CA Amit Shingala
(PRACTICE)
(164 Points)
Replied 29 August 2021
No itc for FY 2017-18 can't be claimed
Bhavika Kothari
(CA)
(1258 Points)
Replied 06 September 2021
Input tax credit (ITC) for FY 2017-18 cannot be claimed now
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