1. **RCM Liability:** When certain services are availed from an unregistered supplier or specific goods/services are procured as per GST law, the liability to pay GST shifts from the supplier to the recipient. This is known as Reverse Charge Mechanism (RCM). ...
An individual registered with the GST An organization formed or established under any law, or under any other law Registered or unregistered partnership firms, including AOP. Individuals with taxable income How can Deskera Help You? Deskera Books will effectively help you with accounting, financial ma...
The technical issues of GST Network (GSTN) coupled with errors in invoice matching have brought in criticism from all corners. The GST law Committee, comprising of Senior Center and State officials, on January 5, proposed their recommendation to the Mini
However, new amendments will pave for insertion of composition scheme under the RCM mechanism for the unregistered supplies Compensations Act Under GST The GST (Compensation to States) Act, 2017 will go through a few updates to ensure clarity on refund process for export goods Manufacturers. “The...
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