is RCM APPLICABLE FOR GST DEALER
12 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 06 October 2017
Same will be suspended in todays meeting upto April 2018.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 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.
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.
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 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
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)
(86323 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
for rent unregistered
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 07 October 2017
You have to pay it.... as such RCM abolished from Oct
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 07 October 2017
Mr Prasad.,
July to September RCM is applicable. Changes from 1st October...
July to September RCM is applicable. Changes from 1st October...
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