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20072017Case Studies On Reverse Charge Mechanisms Event Date : 23rd July 2017 Presented to Kasai Branch of Purchase Study1 RCM Supply subject to 9(4) CAST were availed by Taxable Person in the month

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What is reverse charge mechanism-gst?

Reverse charge mechanism under GST is a system where the recipient of the goods or services is responsible for paying the tax instead of the supplier.

Who is required to file reverse charge mechanism-gst?

Businesses or individuals who fall under the specified categories as per GST law are required to file reverse charge mechanism-GST.

How to fill out reverse charge mechanism-gst?

To fill out reverse charge mechanism-GST, one needs to correctly report the details of the supplies received under reverse charge, along with the applicable tax rates.

What is the purpose of reverse charge mechanism-gst?

The purpose of reverse charge mechanism-GST is to shift the responsibility of tax payment from the supplier to the recipient in certain cases to ensure compliance and prevent tax evasion.

What information must be reported on reverse charge mechanism-gst?

Information such as details of supplies received, tax rates applicable, and GSTIN of the supplier must be reported on reverse charge mechanism-GST.

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