Reverse charge mechanism Term Meaning in Real Estate - Guide

Reverse Charge Mechanism (RCM) is a system where the recipient of services pays the service tax

Devika Arora

7 years ago

Published Date: May 11, 2018

Updated Date: Mar 27, 2024

Reverse Charge Mechanism (RCM) is a system where the recipient of services pays the service tax.

What this means is a developer has to pay GST on services he avails from a person who is located in a non-taxable area, such as services provided by goods transporters, legal services provided by an individual or firm etc.

#tax #dwello #taxation #india #services

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