Reverse-charge mechanism (RCM) also has drawbacks. A drawback is the fact it can lead to hard cash move troubles for the receiver. The receiver has got to pay out the tax ahead of time after which you can assert the refund. as a result, it should not be made use of in its place for session with professional accounting, tax, legal or other skilled
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wanting to know what exactly is CGST? It is the tax collected because of the central authorities on intra-point out transactions. SGST performs a significant position in earnings era for person states. The charges of CGST and SGST are usually equivalent, and the full GST price will be the sum of the two. should you’re handling GST for your org