Gst reverse chargein case of insurance agent

AS PER GST COUNCIL MEETING , RCM IS DEFERRED TILL 30-06-2018

Originally posted by : shruthi
	is gst reverse charge still applicable on services rendered by insurance agent?? then what is this notification stating gst reverse charge deffered until june 2018. please do the needy

No RCM on procurements made from unregistered person till June 30, 2018 Earlier, The Central Government vide Notification No. 38/2017 – Central Tax (Rate) dated 13th October, 2017 has provided that any registered person procuring taxable goods/services from unregistered suppliers, shall not be required to pay CGST under reverse charge mechanism U/s 9(4) of CGST Act, 2017 till March 31, 2018 with effect from 13th Oct, 2017. Further in order to continue such exemption, the Central Governmentvide Notifications No. 10/2018 – Central Tax (Rate), 11/2018 – Integrated Tax (Rate) dated 23rd March, 2018has provided that any registered person procuring taxable goods/services from unregistered Extension in time limit to make an application for refund by specified persons suppliers, shall not be required to pay CGST/IGST under reverse charge mechanism U/s 9(4) of CGST Act or u/s 5(4) of IGST Act, 2017 respectively till 30th June,2018

Still RCM applicable on Insuranec Agent