In case of purchase of notified goods from unregistered suppliers, Reverse charge mechanism shall be applicable to notified registered persons w.e.f. 01.02.19
Regarding the above GST Council will issue separate notification on those goods/services only RCM Applicable.
Is there any notification issue ?
If yes what is effective date of that notification either 01.02.19 or latest date
Reverse Charge Mechanism under GST applies to unregistered supplier purchases from February 1, 2019, pending further notifications. A discussion on the reverse charge mechanism (RCM) under the Goods and Services Tax (GST) was initiated, focusing on its applicability to purchases from unregistered suppliers effective from February 1, 2019. A notification, No. 01/2019-CT (Rate), confirmed this effective date. However, respondents noted that the specific goods, services, and persons subject to RCM had not yet been notified, indicating a need to await further notifications from the GST Council. The discussion highlighted the ongoing uncertainty regarding the full implementation details of the RCM provisions. (AI Summary)