Reverse Charge Mechanism: New Statement for Accurate Filing

Mitali , Last updated: 30 November 2025 Share Follow on Google News

Reverse Charge Mechanism means the liability to pay tax is on the recipient (Purchaser) of supply of goods or services instead of the supplier of such goods or services. Purpose of the new "RCM Liability/ITC Statement" on the GST Portal A new statement "RCM Liability/ITC Statement" has been i

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About the Author

Mitali

Finance Professional

I write about Income Tax, GST, TDS, RBI updates, government schemes, and personal finance in India. My focus is on simplifying complex tax and compliance topics into easy-to-understand guides that help readers stay updated with the latest financial rules, investment options, and regulatory changes.

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