RCM deferred till Mar 31st 2018

The Central Government vide Notification No. 38/2017 – Central Tax (Rate) dated 13th October, 2017, has amended Notification No. 8/2017 – Central Tax (Rate) dated 28th June, 2017

“Therefore, any registered person procuring taxable goods / services from unregistered suppliers, shall not be required to pay CGST under reverse charge mechanism U/s 9(4) of CGST Act, 2017 till March 31, 2018 with effect from 13th Oct, 2017.

In case of goods, where tax is payable on reverse charge basis, the time of supply shall be the earliest of the following :

  1. Date of Receipt of Goods
  2. Date of payment to unregistered supplier
  3. Immediately following 30 days from the date of issue of invoice or any other document”