27 Jun CBIC Circular No. 211/5/2024-GST: Time Limit for ITC on RCM Supplies
Understand the time limit under Section 16(4) of the CGST Act for claiming input tax credit (ITC) on reverse charge mechanism (RCM) supplies from unregistered persons. CBIC Circular No. 211/5/2024-GST clarifies implications, invoicing requirements, and penalties for delayed payments....