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Rcm applicability

RCM 142 views 3 replies

Anbuselvam

Sr.Acct

48 Points Joined June 2017

In 28th GST council meeting held on 21/07/2018, it is recommended that 'RCM on receipt of supplies from Unregistered suppliers, to be applicable to only specified goods as notified by Council".

Can anyone list out specified goods? Also, as per the notification 12/2018-Central Tax (Rate) ,dt. 29-06-2018, RCM is suspended till 30.09.2018. What is the implication of 28th council meeting recommendation w.r.t.this notification.

Replies (3)

Anil Lahoti

88 Points Joined August 2017

Transportation, advocates bills will continue to attract RCM

Vinod Babu

24196 Points Joined May 2018

Provision of section 9(4)- liability of GST under reverse charge on inward supply from unregistered has only been deffered till 30th Sep 2018.but Services covered under section 9(3) ie GTA, Advocate Services when avail , the RCM has to be done .

Shivam RC

Student

23688 Points Joined November 2017

Only the Provision of SECTION 9(4) have been suspended by the GST Council till 30.09.2019.

SECTION 9(3) i.e. NOTIFIED CASES is still applicable and has not been deferred by the Council.