Reverse mechanism
This query is : Open
25 October 2017
I heard that Reverse mechanism on purchases from Unregistered dealers is exempted upto 31.03.2018.
My request is whether it is correct or any turnover limitations pl clarify
25 October 2017
Yes same ia correct..
It is suspended for all registered persons irrespective of turnover.....
26 October 2017
Hi Prakash Rao,
RCM is suspended till 31st of March,2018 without any Turnover limits.
pls note that RCM is suspended from October month,
For JULY-SEP returns we should show RCM in GSTR 3B , 1, 2
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