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Reverse Charge Mechanism (RCM) under GST The Reverse Charge Mechanism (RCM) is a special provision under GST where the recipient of goods or services, instead of the supplier, is liable to pay the tax. This mechanism is applied in specific situations to preven...

Handling Specific Transactions under GST Certain transactions require special attention under GST to ensure accurate tax computation and compliance. Here's a breakdown of two such transactions: Advance Receipt: Tax Implications When a business receives an adva...