Applicability of RCM for the F.Y 2019-20

This discussion clarifies the applicability of Reverse Charge Mechanism (RCM) for the financial year 2019-20, specifically concerning GSTR 3B and GSTR 9 filings. Key areas covered include RCM on notified goods and services (like GTA, legal, sponsorship, security, and director services), RCM for inputs, input services, and capital goods in the real estate sector, and the liability of E-commerce Operators (ECOs) for specified services. The amendment to Section 9(4), restricting RCM to 'specified services' provided to 'specified persons', is also highlighted.