Reverse Charge Mechanism v/s Forward Charge Mechanism
Introduction
Reverse Charge Mechanism (RCM) and Forward Charge Mechanism (FCM) are two different methods of levying tax on goods and services. RCM is a system in which the recipient of goods or services is liable to pay tax to the government instead of the supplier. On the other hand, FCM is a system in which the supplier of goods or services is responsible for collecting and paying taxes...
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