Reverse Charge Mechanism (Rcm) Provisions Deferred Till March 31, 2018

GST Payer
3 years, 4 months ago

A good news for every GST tax payer.

RCM provisions are deferred till 31/03/2018.

A big relief for small tax payers.

Will share the more updates on this once papers are out.

Post your questions related to this in comment will answer each of these.

Comments

Good decision - Kishore Patel

The GST collected on RCM must be made ineligible for deduction from GST payable. Then the purpose will be served. Otherwise it is a meaningless provision creating kirikiri to the Dealer - Vasanth Shanker

2 Answers

anonymous user 3 years, 4 months ago

1

Whether RCM on normal expenses (purchases from unregistered person) or every RCM provisions are deferred, example RCM on GTA services?

anonymous user 3 years, 4 months ago

0

Have to wait for conference before final call. This is a really good announcement.

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