GST

Reverse Charge Mechanism

Reverse Charge Mechanism

Reverse Charge Mechanism the recipient of goods or services is liable to pay GST to the government instead of the supplier. What is RCM under GST The Reverse Charge Mechanism (RCM) is the process of GST Payment by the receiver instead of the supplier. In this case, the liability of tax payment is transferred to the recipient/receiver instead of …

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E-Invoices are mandatory

Mandatory E-Invoices with turnover 5 Crore

E-Invoices are  mandatory for businesses with a turnover of RS.5 CRORE E-Invoicing/E-Invoice is a form of electronic billing which is increasingly mandated by Governments across the World due to tax evasion. In India, the Government introduced e-invoicing in mid of the financial year 2020 with businesses having aggregate turnover above Rs. 500 Crore. The limit …

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