Are they required to issue tax invoices to themselves for each ... to recover input tax of the VAT paid under RCM. The clarification notes the administrative burden on UAE financial institutions ...

What does the demand note ... (RCM) on these supplies. What is reverse charge mechanism? Typically, the RCM in GST states that the recipient of goods or services is responsible for paying the tax ...

In recent times, the provisions of GST Law relating to Input Service Distributor (ISD) have undergone multiple changes, making ISD a mandatory requirement for any registered person having multiple ...

NEW DELHI: Indian corporates are encountering certain challenges related to GST compliance, particularly with the self-invoicing and reverse charge mechanism (RCM ... to note that, the invoice ...

Even if the supplier remains under the threshold, the recipient, who is liable to pay under RCM, must pay the tax. Additionally, a 2% Tax Deducted at Source (TDS) will be applied on the supply of ...