Payment Voucher under Reverse Charge Mechanism (RCM) in GST

Payment Voucher under Reverse Charge Mechanism in GST is a proof of transaction between taxpayer and unregistered supplier. Under GST, when a receiver procures taxable supply of goods and/or services

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RCM Facilitating GST Collection from Unregistered Taxpayers

Under new indirect tax regime, all different taxes got clubbed under one head i.e. GST. In order to further improve the newly implemented taxation system, smoothen the transition and widen

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Reverse Charge Mechanism (RCM) under GST- All You Need to Know about It

Goods and Service Tax Collection in India went up by 15.6% from a year ago to hit INR 1.06 trillion in March. GST Council has been working diligently towards a

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