Rcm suspended under gst

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Rajendra Hegde (Querist)
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23 November 2017 Pls.explain rcm suspended with effect from 1st July 17 in respect of supplied from unregistered person or for all rcm?

RAJA P M

RAJA P M (Expert)
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23 November 2017 RCM suspended from 13th October 2017 for URD Inwards related....

Rajendra Hegde

Rajendra Hegde (Querist)
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23 November 2017 That means we hv to pay rcm from July to 12 Oct 17 for urd inward.

RAJA P M

RAJA P M (Expert)
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23 November 2017 Yes.. You are exactly correct. Also You can avail the benefit of Rs. 5k /day ceiling limit...

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CA Shubhanshu Jain

CA Shubhanshu Jain (Expert)
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24 November 2017 I just want to add little more to make clear under standing, RCM is charged in two ways

one under 9(3) i.e specified services
and
second 9(4) i.e unregistered person

So, RCM is suspended only for 9($) and that too from 13th october and not from 1st july

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RAJA P M

RAJA P M (Expert)
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24 November 2017 Yes... I agreed