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RCM
Indirect Taxation
why gst law pay tax under RCM? Because, registered person only can pay gst, obviously that person will pay gst and if no body registered then no one will pay gst so,what is the motive behind to implement RCM?
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Best Answer
1) To make the certain unregistered person to get registered.(In practical, many registered persons want their suppliers or agents to be registered, so they can pay under forward charge). Example manufacturers. 2) To ease some individual person from registering under gst ( A single person involving small amount of transaction which is not significant amt for govt as well as for other person and also a person working under a company need not be registered as he may think it's a complex work) Example: director.
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