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Reverse Charge Under GST

Reverse Charge is a type of mechanism wherein the recipient has to pay the tax liability for the goods purchased or services rendered instead of the supplier. What is the RCM (Reverse Charge Mechanism)? Generally, the taxpayer who supplies goods or/and services is required to pay the tax on the supply made. However, in the … Read moreReverse Charge Under GST

Complete Guide to Reverse Charge Mechanism

In a gigantic country like ours, which was and still is widely predominated by unorganized sectors, which were habituated for tax evading and other tax manipulations, the GST wave has send an electrifying tantrum among them. To curb, control and eradicate such practices, GST embeds a mechanism of Reverse Charge, which leads to bring transparency … Read moreComplete Guide to Reverse Charge Mechanism