Rcm applicability after 01-oct-17

Dear friends,

What is status of RCM (Reverse Charge Mechanism) after 01-Oct-2017, RCM is applicable or not applicable after 01-Oct-2017?

Kindly suggest with notification.

Thanks in advance.

 

 

Replies (7)

I  think RCM applicable  Up to 13/10/2017 (section9 (4) of the cgst act 2017) , please confirm  with Department  of GST .

RCM under section 9(4) applicable till 13/10 and under section 9(4) is continued, so be careful
Applicable on section 9(3)
RCM u/s 9(3) & 9(4) ContiNues to applicable till 13th of October
RCM u/s 9(4) is suspended till 31st March 2018 from date of Notification 14 oct Only

RCM for transactions prior to 12th October 2017.

Not 38.17 sets out that the provisio to Not 8/17 [ earlier limited to 5k/ day] be omitted. The question is whether omitted from 13th October or from 1st July.

The postponement of levy till 31.3.2018 due to public interest leads ot a logical reasoning that the levy should not be there for period prior to Notification. If this reasoning is not taken, hardly anybody who was complying in the past would have complied for the month of october. Those who were wondering what to do will not go forward. It would have been ideal to clearly make the change retrospective which maybe read as intention if the word used " omitted" is analysed.

The representation for the past period waiver are with the GST Council pending for decision. 

Considerign the Govts will to iron out the difficulties, maybe we can expect clarity by exempting for the past.

If this happens then those who have paid and availed the credit will not have a problem. However those who have notavailed credit due to technical or understanding reasons may have to go for refund.

  

RCM Under section 9(3) of the ACt, is still continued but RCM under section suspended till 31.03.2018.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details