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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Reverse Charge, TDS and TCS Provisions get Deferred for another 3 Months

The provisions related to tax deducted at source (TDS), tax collected at source (TCS) and reverse charge mechanism under GST have been deferred for another three months till Sept 30,

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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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