Tag: RCM

GST

Reverse Charge Mechanism in Goods and Services Tax

BACKGROUND OF REVERSE CHARGE MECHANISM Reverse Charge Mechanism was first introduced in Service Tax Now, the Government has incorporated RCM in GST. Government has notified not only supply of certain services but also supply of certain goods under RCM. OBJECTIVE OF REVERSE CHARGE MECHANISM Safeguard the interest of Revenue Administrative convenience of Government Statutory Provision […]