GST reverse charge suspension extended by 1 year: Why it is a good news for businesses

The Union government has once again extended the suspension of reverse charge mechanism on the purchase of goods and services by registered dealers from unregistered dealers by one year. Earlier, the suspension was valid till September 30 this year. Central Board of Indirect Taxes and Customs (CBIC) has said that the suspension of the reverse charge would be valid till September 30, 2019 now.&nbsp…