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RCM Applicable for GST Dealer

ommahadev 7 (136 Points)

06 October 2017

is RCM APPLICABLE FOR GST DEALER

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12 Replies

CA Rashmi Gandhi (Chartered Accountant) (86313 Points)
Replied 06 October 2017

Same will be suspended in todays meeting upto April 2018.

1 Like

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MOHAMMAD SAGHIR ADIL (108 Points)
Replied 06 October 2017

Rashmi mam Please elaborate

CA Rashmi Gandhi (Chartered Accountant) (86313 Points)
Replied 06 October 2017

RCM rules u/s 9(4) of CGST Act & 5(4) of IGST act removed

So same is not applicable till March 2018.

But for earlier month you have to pay GST under RCM.

Insightful thinking (Manager) (42 Points)
Replied 06 October 2017

Recommendation made by the GST Council in its 22nd Meeting held today under Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley in the national capital.

Quote
6. The reverse charge mechanism under sub-section (4) of section 9 of the CGST Act, 2017 and under sub-section (4) of section 5 of the IGST Act, 2017 shall be suspended till 31.03.2018 and will be reviewed by a committee of experts. This will benefit small businesses and substantially reduce compliance costs.
Unquote

Above recommendation is under consideration.

ca praveen jain (partner) (107 Points)
Replied 07 October 2017

rcm related

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ca praveen jain (partner) (107 Points)
Replied 07 October 2017

rcm related to section 9(4) of chat act &

ca praveen jain (partner) (107 Points)
Replied 07 October 2017

rcm covered by 9(4) of cgst act removes
but rcm under section 9(3) is still applicable

Narender Yadav (Accounts Manager) (65 Points)
Replied 07 October 2017

Its applicable from October. Its applicable both in CGST/SGST OR IGST...Pls confirm

CA Rashmi Gandhi (Chartered Accountant) (86313 Points)
Replied 07 October 2017

Yes applicable from October on CGST,SGST& IGST

prasad (EMPLOYEES) (315 Points)
Replied 07 October 2017

I required to pay reverse charge for July August.
for rent unregistered

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CA Rashmi Gandhi (Chartered Accountant) (86313 Points)
Replied 07 October 2017

You have to pay it.... as such RCM abolished from Oct

RAJA P M ("Do the Right Thing...!!!") (128075 Points)
Replied 07 October 2017

Mr Prasad.,
July to September RCM is applicable. Changes from 1st October...

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