22nd meeting of gst council

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Uday Kiran (Querist)

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?

Udaya Chandran

Udaya Chandran (Expert)

07 October 2017 It is applicable to all the dealers, Let's wait for the notification.

RAJA P M

RAJA P M (Expert)

07 October 2017 rcm covered by 9(4) of cgst act removes but rcm under section 9(3) is still applicable

Udaya Chandran

Udaya Chandran (Expert)

07 October 2017 Yes. It is still applicable.

Uday Kiran

Uday Kiran (Querist)

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 ?

Udaya Chandran

Udaya Chandran (Expert)

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.

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RAJA P M

RAJA P M (Expert)

07 October 2017 Above said sections applicable all tax payers (Smal, Medium & Large)
No more Confusion for above said points...

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