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GST PAYABLE UNDER RCM, Goods and Services Tax - GST |
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GST PAYABLE UNDER RCM |
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Dear Team, We came to understand that RCM payable by the receiver (buyer) for the supply/services received from URD has been deferred till 31.03.2018. Whether all the supplies received from 01.07.2017 is fully exempted or from the date of announcement (05.10.2017, we think) ??? Section 9 (4) Please confirm whether the RCM payable from other than URD is still continuing. Section 9 (3)... What EXPENSES are all compulsory in Sec.9(3) for which (receiver) has to pay GST under RCM Posts / Replies Showing Replies 1 to 5 of 5 Records Page: 1
RCM is mandatory under Section 9(3) of CGST Act, whereas the same stands deferred for Section 9(4) from 13.10.2017 (Notification No. 38/2017 CGST dated 13.10.2017)
Thanks Ji. RCM u/s 9(4) is effective from 13.10.2017 only or retrospectively effective from 01.07.2017. That is, whether we have to pay GST under RCM for the supplies received from URD during the period from 01.07.2017 to 12.10.2017
Effective from 13.10.2017 and for prior period needs to be paid.
From the effective date of the notification.
Service provided during 01.07.2017 to 15.10.2017 by unregistered service provider & raise the bill on 31.10.2017 & payment is made on 10.11.2017.please advise whether we have to pay reverse charge. Page: 1 Old Query - New Comments are closed. |
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