List of Services in RCM with CA Shubham Maloo

The Reverse Charge Mechanism (RCM) in GST is where the responsibility to pay tax shifts from the seller 🏢 to the buyer 🛒. Normally, the seller collects GST, but under RCM, the buyer directly pays it to the government 💰. This applies to certain goods and services, like legal fees ⚖ or goods transport 🚚. RCM helps improve compliance and includes unregistered suppliers in the tax system 📊.