Reverse charge mechanism

Reverse Charge Mechanism for supplies received by registered person from unregistered person has been suspended till 31-03-2018. However reverse charge mechanism for supply of specified goods and services like GTA, legal services, import of service shall continue.

Currently there is no clarity whether the reverse charge under section 9 (4) is abolished for all the assessees or SMEs i.e. for those assessees whose turnover less than Rs. 1.5 Crore.
We to wait for the official notification on that

Don't know Tarun,

we are also waiting for the same

Yes Vinod you are 100% right

Press release of 22nd meeting of GST council  not mention the date of suspended of RCM provision.It is not yet clarify that whether the RCM provision applicable for septemeber month or not.

Today govt. has issued notification no.38 of CGST ( rate ). As per that RCM is not applicable on all URD purchases except few items like GTA, advocate fees etc.. from today onwards upto 31.03.2018..

Today govt. has issued notification no.38 of CGST ( rate ). As per that RCM is not applicable on all URD purchases except few items like GTA, advocate fees etc.. from today onwards upto 31.03.2018..

For all persons