RCM app

Recommendation made by the GST Council in its 22nd Meeting held today under Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley in the national capital.

Quote
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.
Unquote

Above recommendation is under consideration.

I purchased from unregistered dealer and I already paid rcm amount what I do

Now what about the 5000/- limit per day.

if u already paid through rcm the definitely u will get credit

now there is no relevance of 5000 limit till 31.01.18

31.03.18

rcm covered by 9(4) of cgst act removes 
but rcm under section 9(3) is still applicable

yess...correctly said..

Upto September RCM is applicable. From October 1st RCM cancelled above said way...

@ RAVI KUMAR,
No problem in case you paid the amount. You can adjust in your other liabilities. Bcoz, No more specifical payment heads in Challan....

if my business is more than 1.5 crore then rcm applied continue or suspended for small business less than 1.5 crore?

rcm 9(4) is completely removed till 31 march 2018 from 1 oct..2017

rcm in 9(3)- still apply
example - on gta , on advocate services..