RCM on freight along with interest was paid upon receiving memo from GST audit. GST amount Rs 1 Lac on RCM freight paid during 2023-24. Can we claim ITC on such payment during this year.

If the memo requires payment of such amount under Section 74 of the CGST Act, 2017, then as per Section 17(5)(i) of the CGST Act, 2017, Input tax Credit is not allowed to the person. In other cases, Input Tax Credit shall be available of such amount subject to fulfilment of conditions under Section 16 of the Act.