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Source: https://www.companiesnext.com/blog/reverse-charge-mechanism-under-gst

Category: Business

Know about Reverse Charge Mechanism (RCM) under GST The Reverse Charge Mechanism in GST shifts the tax liability from the supplier to the recipient of goods or services. It applies in specific cases like imports, unregistered dealer transactions, and notified services. Understanding its applicability, compliance requirements, and impact on businesses is crucial to avoid penalties and ensure smooth tax filing. Learn how it works and who needs to pay.

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