Deferment of RCM on procurements made from unregistered person till September 30, 2018
The Central Board of Indirect Taxes and Customs Vide Notification No 12/2018 – Central Tax (Rate) dated 29th June, 2018 has deferred the payment of Goods and Services tax under Reverse Charge Mechanism (RCM) on purchases of taxable supplies from unregistered supplier till 30th day of September 2018. A Similar notification is being issued under IGST Act, vide Notification No 13/2018 – Integrated Tax (Rate)dated 29th June 2018 and under the UTGST Act vide Notification No 12/2018 – Union Territory Tax (Rate) dated 29th June,2018