CBIC clarifies Time Limit for Issuance of Invoice for RCM Supplies from Unregistered Persons u/s 16(4) of GST Act and availment of ITC [Read Circular]

The circular also clarified liability to penal action under the provisions of Section 122 of Central Goods and Services Tax Act, for belated issuance of invoice.
CBIC - Issuance of Invoice - RCM - Unregistered - us 16(4) GST Act - ITC - TAXSCAN

The Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance issued a Circular No. 211/5/2024-GST, providing clarifications regarding the time limit for availing Input Tax Credit (ITC) under the Central Goods and Services Tax (CGST) Act, 2017. The circular addresses the applicability of Section 16(4) of the Goods and Services Tax…

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