WHAT IS REVERSE CHARGE MECHANISM UNDER GST ?
Under the Goods and Service Tax (GST) Laws, when the tax liability falls on the Recipient rather than the Supplier, it is called Reverse Charge Mechanism (RCM).
This is exception to general rule of law that every supplier is required to pay GST to the Government on the supply of goods or services made to the Recipient.
-
Krishna Kr Neeraj
Corporate Enlightenment by IP CA. Krishna Kr Neeraj: GST : WHAT IS REVERSE CHARGE MECHNISM (RCM) ?
