Implementing Value Added Tax (VAT) Reverse Charge Mechanism (RCM) for electronic devices from 30th October 2023 involves several key steps and considerations. Below are some important notes and steps to help you implement RCM VAT on electronic devices effectively:
- Supplier Communication
- Customer Communication
- Update Accounting Systems
- Invoice Review
- Stock Valuation
- Consultation with Tax Experts
Source: hlbhamt.com
