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
Clarification on GST Reverse Charge Mechanism: Section 9(3) Mandatory, Section 9(4) Deferred from October 13, 2017 A discussion on the Goods and Services Tax (GST) payable under the Reverse Charge Mechanism (RCM) was initiated by a party seeking clarification on whether RCM obligations for supplies from unregistered dealers (URD) were deferred until March 31, 2018, and if this applied retroactively from July 1, 2017. Responses clarified that RCM under Section 9(3) remains mandatory, while Section 9(4) was deferred from October 13, 2017, requiring payment for supplies received before this date. Questions about specific scenarios, such as services provided before the deferral but billed and paid after, were also raised. (AI Summary)
Goods and Services Tax - GST
TaxTMI 
TaxTMI 
TaxTMI 
