Does RCM under GST is implemented ? If yes from which date ? Is it implemented in full swing or are there any relaxation,pls guide
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Rcm effective date of implimentation
Replies (4)
Quick Summary
Yes. only notified.
Reverse Charge Mechanism ( RCM ) under Section 9(4) of the CGST Act 2017 has been amended by the CGST Amendment Act 2018. Now RCM on Purchase from Un-Registered Dealer i.e. Section 9(4) is applicable only on Notified Cases ( i.e. on Notified Goods & Notified Persons like Developer is a notified person for RCM, Cement is notified Goods ).
Section 9(3) of the CGST Act 2017 ( NOTIFIED CASES ) is in full swing.
Section 9(3) of the CGST Act 2017 ( NOTIFIED CASES ) is in full swing.
Thanks and what r notified goods with examples
Your most Welcome Sir.
As such the notified goods are related with the Real Estate Sector like Cement, etc.
As such the notified goods are related with the Real Estate Sector like Cement, etc.
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