It is our immense pleasure to present the wide analysis of the Finance Bill 2016 (Union Budget 2016) in the very next morning of the Budget Speech. Our analysis has covered the major aspects presented in the Budget and the analysis has been manifold in the various groups viz. – Relief to the Small Tax […]
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The reverse charge mechanism (RCM) was first introduced effectively from 01-01-2005 vide Notification No. 36/2004-ST dt. 31-12-2004 read with Rule 2(1)(d) of Service Tax Rules, 1994. With effect from 01-07-1012 a new mechanism of reverse charge (RCM) and partial reverse charge or joint charge (PRCM / JCM) was introduced with the introduction of negative list regime of[…..]
