goods and services tax



what is RCM and its role in GST
 
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Freelance

Normally when it comes to indirect taxes it is the "Supplier" of services/goods who needs pay the taxes. Thus the obligation to pay tax has been imposed on the SUPPLIER . However under certain special transactions the law puts the obligation to pay taxes on the "RECEIPIENT" of services. This is when RCM comes into being..

 
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