Does RCM under GST is implemented ? If yes from which date ? Is it implemented in full swing or are there any relaxation,pls guide
4 Replies
Shivam RC
(Student)
(23683 Points)
Replied 05 June 2020
Reverse Charge Mechanism ( RCM ) under Section 9(4) of the CGST Act 2017 has been amended by the CGST Amendment Act 2018. Now RCM on Purchase from Un-Registered Dealer i.e. Section 9(4) is applicable only on Notified Cases ( i.e. on Notified Goods & Notified Persons like Developer is a notified person for RCM, Cement is notified Goods ).
Section 9(3) of the CGST Act 2017 ( NOTIFIED CASES ) is in full swing.
Section 9(3) of the CGST Act 2017 ( NOTIFIED CASES ) is in full swing.
dineshsingh
(asst.accounts manager)
(41 Points)
Replied 06 June 2020
Thanks and what r notified goods with examples
Shivam RC
(Student)
(23683 Points)
Replied 06 June 2020
Your most Welcome Sir.
As such the notified goods are related with the Real Estate Sector like Cement, etc.
As such the notified goods are related with the Real Estate Sector like Cement, etc.
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