Goods and Services Tax – Started By: – Greeshma Vp – Dated:- 16-10-2017 Last Replied Date:- 20-10-2017 – The payment of GST on Reverse Charge basis for supplies by Unregistered person to registered person has been suspended till 31.03.2018 vide notifications dated 13.10.2017. Is there a clarity on the date of applicability of this suspension. One view is that the notification is prospective in nature and hence GST is to be remitted on Unregistered dealer supplies received till 12.10.2017. Request experts to please give your views on this. In case the notification is applicable only from 13.10.2017, please also give your views on whether the date of receipt of supply, date of invoice or the date of payment is to be reckoned to determine if
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from the appointed day and not from 13.10.2017. – Reply By Rajagopalan Ranganathan – The Reply = Sir, Notification is executive legislation. It can have only prospective effect. If the government wants to give retrospective effect it can do it only through Finance Bill/Finance Act. Regarding payment of tax it shall be paid before filing the monthly return (GSTR-3). – Reply By Suyog Vaze – The Reply = Thank you Sir for your valuable insights. – Reply By Greeshma Vp – The Reply = Thank you Sir. – Reply By KASTURI SETHI – The Reply = I concur with the views of Sh.Ranganathan Sir. – Reply By Ganeshan Kalyani – The Reply = The effect of the change in the Notification is always prospective unless specifically mentioned. So the change is with eff
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