Suspension on rcm for unregistered dealer

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Uday Kiran (Querist)
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25 October 2017 Now, the RCM was suspended for unregistered dealer transactions by a registered dealer under a notification dated 13.10.2017. Whether it has prospective or retrospective effect? Is government issued seperate notification for RCM suspension for CGST, SGST, IGST, UTGST?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 October 2017 It has prospective effect.

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Uday Kiran

Uday Kiran (Querist)
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25 October 2017 Thank you sir.. But may I know the basis for your answer sir..to get some clarity

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 October 2017 Persons already paid GST under RCM so prospective only applicable.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 October 2017 The effect of the change in the Notification is always prospective unless specifically mentioned. So the change is with effect from 13.10.2017.

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Uday Kiran

Uday Kiran (Querist)
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26 October 2017 Thank you sir... for your valuable suggestion