rcm suspended ?

 

(Querist)
12 October 2017

Is RCM applicable for the month of September 2017 ?


Dr. ShamsheerKhan (Expert)
12 October 2017

RCM is applicable in September 17

RAJA P M (Expert)
12 October 2017

Yes... Exactly applicable Mr. Nikhil Gupta Ji...

CA Rashmi Gandhi (Expert)
12 October 2017

Yes.Same is suspended from October.

CMA. CS. Sanjay Gupta (Expert)
13 October 2017

Only for cases where Turnover does not exceed Rs 1.5 Crore.

RAJA P M (Expert)
13 October 2017

Dear CMA CS Sanjay Gupta Sir., RCM suspended to all the Tax Payers... Please correct me if I'm wrong...!

CMA. CS. Sanjay Gupta (Expert)
13 October 2017

http://pib.nic.in/newsite/PrintRelease.aspx?relid=171466

Check out from above link. Relief for Small and Medium Enterprises point 6

RAJA P M (Expert)
13 October 2017

Dear Sir., Sorry to say once again... The section is suspended then how it ll be effective....? "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." It's says relief to SMEs....!!!

CMA. CS. Sanjay Gupta (Expert)
13 October 2017

RAJA is your observation is very much correct. But we have to wait for notification for absolute clarity.

RAJA P M (Expert)
13 October 2017

Yes Sir...
Also wait for some Clarity...
1. Returns
2. Payments
3. GSTR 3B
4. GSTR 2
5. ITC.....
6. Etc.,

CA Rashmi Gandhi (Expert)
13 October 2017

There are various issues decided in this meeting which are required to be clarified....

CA Rashmi Gandhi (Expert)
13 October 2017

RCM suspended for all registered person as per Notification No.38/2017 dated 13.10.2017.



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