GST Council Meeting on January 18th

These are the key proposals that may be presented to the Goods and Services Tax (Council) on January 18.

  • Deferment of some of the key features under GST, including reverse charge mechanism (RCM), tax deducted at source (TDS) and tax collected at source (TCS)
  • RCM may be deferred beyond April 1, 2018. Only businesses under the composition scheme (a scheme for small taxpayers) would come under RCM.

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