Question 1

What is the meaning of RCM liability?

Accepted Answer

With a reverse charge system, the recipient of the goods or services is responsible for paying GST (Goods and Services Tax) rather than the seller.

Question 2

What is RCM liability in service tax?

Accepted Answer

A 100% service tax liability rests with the beneficiary. 8. Reverse charge for designated services on a shared basis Regarding services rendered or to be rendered via one of the following methods, service provider and service recipient are both required to pay service tax on a sharing basis.

Introduction of RCM Liability: New Feature Alert on GST Portal

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