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What is rcm


Shunaiza Shaikh   29 January 2021

Shunaiza Shaikh

 2 likes  26 points

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rcm is applicable in auto parts services in composition scheme.

Rama chary Rachakonda

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)     29 January 2021

Rama chary Rachakonda
Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294 
 84 likes  1398 points

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Reverse Charge Mechanism under GST is a mechanism under which the usual cycle of tax payment is reversed. ... Under Reverse Charge, the recipient pays to the supplier an amount exclusive of GST, the recipient then pays the GST directly to the Government. RCM is a complex concept that works in select scenarios only.


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