RCM or Reverse Charge Mechanism refers to the process in which the purchaser is a registered individual and purchases goods from an unregistered supplier; in such a scenario, the purchaser pays the supplier only the price of the goods without including the GST amount; instead, he makes this ...
This article has been prepared by Varsha Vasante Gowda (Audit Executive) and vetted by CA Akshay Hiregange. The author could be reached at varshav@hiregange.com. Published by Varsha Vasante Gowda (Audit Executive) CategoryGSTReport Other Articles ...