The Central Government, today notified that the implementation of provisions relating to reverse charge mechanism will be applicable from 1st April 2018.
The last GST Council meeting held at New Delhi had decided to suspend the reverse charge mechanism under sub-section (4) of section 9 of the CGST Act, 2017 and under subsection (4) of section 5 of the IGST Act, 2017 till 31.03.2018 and will be reviewed by a committee of experts. This will benefit small businesses and substantially reduce compliance costs.
The Notification issued today exempts the inter-State supply of goods or services or both received by a registered person from any supplier, who is not registered, from the whole of the integrated tax leviable thereon under sub-section (4) of section 5 of the said Integrated GST Act till the 31st day of March, 2018.
Read the full text of the Notification below.
