Self Invoice Format Under RCM: GST Rules, Requirements and Applicability Under the Goods and Services Tax (GST) law in India, certain supplies are taxable under the Reverse Charge Mechanism (RCM), where the recipient is responsible for paying GST instead of the supplier. In specified cases, the recipient may also be required to issue a self-invoice
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The 54th GST Council meeting, chaired by Union Finance Minister Smt. Nirmala Sitharaman, brought about several pivotal recommendations aimed at fine-tuning India’s GST regime. Attended by key officials and ministers from various states, the meeting resulted in decisions on tax rates, trade facilitation, and procedural improvements, benefiting both businesses and consumers. Here are some of
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