Reverse charge mechanism is the case in which the receiver of goods is obligated to pay GST rather than supplier. Reverse charge mechanism (RCM)
One needs to pay the RCM directly to the government based on the usual tax rates. This is to be done through the form GSTR 3B. Also, they must provide Table 3.1 D of GSTR 3B for the purpose of paying the GST liable. Later on, through the form GSTR 3B and its table 4A, the ...
Under GST regime, temporary transfer or permitting the use or enjoyment of intellectual property right constitute supply of service as per Schedule II r/w Section 7(1A) of CGST Act. Following are the rates applicable for Intellectual Property Right based on HSN:- HSN Rate of tax Description...