RCM Services Under GST
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The Reverse Charge Mechanism (RCM) under GST shifts the tax liability from the supplier to the recipient in specific cases. As per Section 2(98) of the CGST Act, it applies when tax is payable by the recipient under Sections 9(3)/9(4) of CGST or 5(3)/5(4) of IGST Act. It covers notified goods/services and supplies from unregistered vendors. The recipient must pay GST directly to the government, ensuring tax compliance in unorganized sectors and high-risk areas. This mechanism strengthens formalization and curbs tax evasion.
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RCM Services Under GST
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