Reverse charge u/s 9(4)

This query is : Resolved

ANIMESH PANDEY (Querist)
Follow

27 June 2018 Dear Sir,

We have received services from unregistered persons (Actually a Chemist) for a value of Rs.60000 in May '18 but we have not paid GST under reverse charge on it . I think this case would fall under section 9(4) and it is deferred till 30/06/2018 ??

Pls clear our confusion

RAJA P M

RAJA P M (Expert)
Follow

27 June 2018 Yes... You are correctly point out the transaction. No need to pay GST under RCM basis

ANIMESH PANDEY

ANIMESH PANDEY (Querist)
Follow

28 June 2018 Thanx Sir . Sir what is the current status of RCM U/S 9(4). Would it effective from 1/07/2018

RAJA P M

RAJA P M (Expert)
Follow

28 June 2018 It's once again extended to 30th September 2018. But, Wait on further notifications from CBEC**

ANIMESH PANDEY

ANIMESH PANDEY (Querist)
Follow

29 June 2018 Thanx Sir , Sir is there any update on Tax on Advance ????

RAJA P M

RAJA P M (Expert)
Follow

29 June 2018 No more notifications as above...

ANIMESH PANDEY

ANIMESH PANDEY (Querist)
Follow

29 June 2018 Sir then what to do ?? Earlier tax on advance was postponded till 30/06/2018 but if there no further notification regarding this then what we should do ?? Should we implement this from 1/07/2018 or should wait for govt. notification???

RAJA P M

RAJA P M (Expert)
Follow

29 June 2018 Wait on further notifications from CBEC*

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now