01-07-2018 : RCM under GST on Purchases from Unregistered Persons
The government has not issued any notification till now to extend the applicability of the RCM provisions u/s 9(4) of the CGST Act, 2017.
Representation has been made to the government to extend the applicability of the RCM.
In case if the government does not extend the exemption, all registered persons will be required to pay GST under RCM for purchases from Unregistered Persons above Rs. 5000/- effective from 01-07-2018.
Please note that such exemptions were not applicable in case of supplies of Goods or Services or Both under section 9(3) i.e. notified services and they were already covered under RCM.