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    Reverse charge mechanism explanation
    Saranya Shanvii's image
    Saranya Shanvii
    The tax is payable by the registered recipient..For a example: am purchasing 100000rs goods from u. You are not a registered supplier but am a registered recipient who receiving such goods from u...Soo here I pay tax on reverse charge basis..Simply understand when recipient paying tax for input goods then the tax is paid on reverse charge basis.

    Written on April 5, 2018, 5:32 a.m.