In India, currently, reverse charge isn't relevant on goods except in a handful of states like Punjab, which has a obtain tax on sure products. Now below GST, there will be a reverse charge on products too. Forward charge mechanism and reverse charge mechanism in GST have distinct tax payment tasks. RCM is usually relevant beneath particular prob
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from the short term, there was a contraction inside the financial expansion amount write-up-GST implementation, attributed to transitional disruptions. But as corporations altered to the new regime and the benefits of GST started to manifest, India's GDP growth confirmed signs of Restoration and stabilization, with experts attributing possible long