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- 16 Jul 2021
- GST, Finance, Notifications, Registration, CBIC, Updates, Knowledge, Compliance,
Reverse Charge Mechanism (RCM) is a complex concept under GST. In this Mechanism the usual cycle of payment of Tax is reversed. In this mechanism the Goods and Services Tax is paid by the Recipient of Goods or Services instead of Supplier. Section 9(3) of Central Goods and Services Tax (CGST) Act, 2017 provides that “The Government may, on the recommendations of the Council, by notification......