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Rcm under gst

vishwanath jaiswal (Accountant) (62 Points)

09 October 2017

Sir

I want to enquire that RCM under GST is suspended till 31/03/2018

is it applicable on URD Purchases or services received from URD Contractor

or both?

please reply with Govt notification if any.

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Vinod Araveti (Practicing CA) (1180 Points)
Replied 09 October 2017

On 22nd GST meeting which is held on 06.10.2017, the govt issued a press release saying that RCM lability on URD purchases has been suspended till 31.03.2018.

However there is no official notification has been issued on this. We have wait for more clarity. Like whether it is applicable retrospectively or prospectively, or it is applicable for all assessee or only for small scale assessee etc..