22nd meeting of gst council
This query is : Resolved
07 October 2017
As per 22nd meeting of GST council, RCM is suspended upto 31.03.2018.. whether it is for small and medium sized businesses or for all businesses including large scale industries? From which date this recommendation is applicable?
07 October 2017
It is applicable to all the dealers, Let's wait for the notification.
07 October 2017
rcm covered by 9(4) of cgst act removes
but rcm under section 9(3) is still applicable
07 October 2017
Yes. It is still applicable.
07 October 2017
Thank you sir ... but my doubt is in the recommendation they mentioned that rcm suspended under the head of relief for small enterprises .. Suppose, a company like Apollo is purchasing something from unregistered dealer during this suspended period.. Apollo is a large enterprise.. whether apollo has to pay rcm or it is suspended ?
07 October 2017
Yes, it is little confusing. But my understanding is that the relief for unregistered small enterprises as registered persons may not buy things from them because of this RCM liability.
Message likes :
1 times
07 October 2017
Above said sections applicable all tax payers (Smal, Medium & Large)
No more Confusion for above said points...
No more Confusion for above said points...
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Applicable TDS for Purchase of Flat from NRI
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Form 10BD Filling
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- ITR Filing Requirement for Partnership Firm Registered but Business Not Commenced
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
