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GST Reverse Charge Mechanism
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What is the GST Reverse Charge Mechanism?
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A
A mechanism under which the recipient of the goods or services is liable to pay GST instead of the supplier.
💡 Explanation:
The GST Reverse Charge Mechanism is a mechanism under which the recipient of the goods or services is liable to pay GST instead of the supplier. This is done to prevent tax evasion and to ensure that the government receives its due GST revenue.