Reverse Charge Mechanism

[SURYAKANT MITHBAVKAR]

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

[DR.MARIAPPAN GOVINDARAJAN]

Notification No.01/2019-CT (Rate). The RCM is applicable with effect from 01.02.2019.

[KASTURI SETHI]

Still goods, services and persons have not been notified. We have to wait for.

[Ganeshan Kalyani]

The provision is made applicable. However, the list of person who will have to pay GST under RCM is not yet published.

AI Summary

Reverse charge mechanism under GST effective by notification; specific notified goods and liable persons remain unpublished pending further notifications.
Reverse charge mechanism applies to purchases of specified goods from unregistered suppliers, making the notified registered recipients liable to pay GST; a central notification places the RCM provision into effect from the stated effective date. However, the detailed lists of specific goods, services, and classes of registered persons required to discharge tax under RCM remain unpublished, so taxpayers must await those notifications to determine whether particular acquisitions fall within the notified scope.