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RCM effective date

dineshsingh (asst.accounts manager) (41 Points)

22 May 2020

Pls comment on following : what is the date of implimentation for RCM under GST,it is applicable in full swing ,like on purchases from unregistered dealer and so on

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3 Replies

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 22 May 2020

RCM Applicability :
RCM on inward Supply from URD is cover u/s 9(4) of CGST Act , it was notify by Notification 8/2017 CT (r) , effective from 1/7/2017, but has been rescinded by Notification 38/2017 CT (r) from dated 13/10/2017.
and as per Notification 7/2019 CT (r) it is again Applicable on only Promotor/Developer from 1/4/2019

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CA Arun Kumar Tiwari (CA in Practise) (445 Points)
Replied 26 May 2020

As of now GST on reverse charge basis is not applicable from purchase from the unregistered dealer. Govt will release the list of goods or service on which it will applicable from the effective date.