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Reverse Charge Mechanism (RCM) under GST – Provisions & Notifications

The concept of Reverse Charge Mechanism (RCM) was introduced in erstwhile Service Tax laws. Normally, the supplier of goods or services or both charges and collects the GST from the recipient and deposits the same with Government. However, under the RCM, the liability to deposit tax shifts from the supplier to the recipient.

Read more at: Taxguru

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