Introduction to Reverse Charge Mechanism (RCM) under GST
What is RCM? The Reverse Charge Mechanism (RCM) is an essential concept under the Goods and Services Tax (GST). Normally, the seller of goods or services pays the GST to the government. However, under RCM, the responsibility to pay the GST shifts to the buyer. Purpose of RCM RCM was introduced to ensure proper tax …
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