Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
Under the Reverse Charge Mechanism, the recipient of goods or services (instead of the supplier) is liable to pay GST directly to the government.
A GST rule where the buyer, not the seller, pays the tax directly to the government.
Applies to specified supplies (like certain imports or unregistered supplier transactions) and specified categories notified by the government; the recipient can usually claim ITC on the RCM amount paid.
A registered business receiving services from an unregistered supplier may need to pay GST directly under RCM.
A GST rule where the buyer, not the seller, pays the tax directly to the government.
Reverse Charge Mechanism (RCM) helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.