CBIC issued Official Notification on Extension of RCM till September 30

CBIC issued Official Notification on Extension of RCM till September 30 Central Board of Indirect taxes and Customs has decided to defer GST

CA Deepak Gupta

Jun 26, 2018

Last update on Jun 26, 2018

CBIC issued Official Notification on Extension of RCM till September 30 Central Board of Indirect taxes and Customs has decided to defer GST provisions relating to reverse charge mechanism, tax deducted at source (TDS) and tax collected at source (TCS) for another three months i.e. till September 2018. These provisions were earlier deferred by GST Council in its meeting dated March 10th 2018 whereby the provision for deduction of TDS and collection of TCS, as well as implementation of the reverse charge mechanism (RCM) were deferred till June 30th 2018. CBIC has issued notification relating to extension/deferment of Reverse Charge Mechanism (RCM) for 3 months upto 30 Sept. 2018 under Section 9(4) of the CGST Act, 2017/ Section 5(4) of the IGST Act, 2017 Below is official Notification forExtension of RCM till September 30

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i)]

Government of India Ministry of Finance Department of Revenue

Central Board of Indirect Taxes and Customs Notification No. 12/2018 Central Tax (Rate)

New Delhi, the 29^th June, 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following further amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 8/2017 Central Tax (Rate), dated the 28^th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 680 (E), dated the 28^th June, 2017, and last amended vide notification No. 10/2018-Central Tax (Rate), dated the 23^rd March, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub- section (i), vide number G.S.R. 269 (E), dated the 23^rd March, 2018, namely:- In the said notification, for the figures, letters and words 30^th day of June, 2018, the figures, letters and words 30^th day of September, 2018 shall be substituted. [F. No.349/58/2017-GST (Pt.)] (Dr. Sreeparvathy S.L) Under Secretary to the Government of India Note: - The principal notification No.8/2017-Central Tax (Rate), dated the 28^th June, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i) vide number G.S.R. 680 (E), dated the 28^th June, 2017 and last amended vide notification No. 10/2018-Central Tax (Rate), dated the 23^rd March, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 269 (E), dated the 23^rd March, 2018. Download Official notification in pdf for Extension of RCM till September 30from below links: GST RCM Provisions deferred upto 30 Sept. 2018: CBIC Notification No.12/2018 Central Tax Rate dt. 29 June 2018 GST RCM Provisions deferred upto 30 Sept. 2018: CBIC Notification No.13/2018 Integrated Tax Rate dt. 29 June 2018 GST RCM Provisions deferred upto 30 Sept. 2018: CBIC Notification No.12/2018 UT Tax Rate dt. 29 June 2018 You May Also Like:CBIC defers GST provisions on TDS or TCS till 30 September 2018

About Author

CA Deepak Gupta

Co Founder

CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.