Reverse Charge Mechanism (RCM) and Forward Charge Mechanism (FCM) are two distinct methods of levying tax on goods and solutions. RCM is really a program during which the recipient of products or services is liable to pay tax to The federal government in lieu of the provider. comprehensive source chain Alternative for top Command, effortless colla
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asking yourself what is CGST? it's the tax gathered through the central government on intra-state transactions. SGST plays a significant check here purpose in earnings generation for personal states. The charges of CGST and SGST usually are equivalent, and the full GST charge is definitely the sum of both. Moreover, firms need to report the alte