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What does the term "Reverse Charge" refer to in the context of GST?
  • a)
    The recipient of goods or services pays the tax to the government instead of the supplier.
  • b)
    The supplier of goods or services pays the tax to the government instead of the recipient.
  • c)
    Both the supplier and recipient jointly pay the tax to the government.
  • d)
    The tax is exempted for a specific category of supply.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What does the term "Reverse Charge" refer to in the context ...
"Reverse Charge" in the context of GST refers to a situation where the recipient of goods or services is liable to pay the tax to the government instead of the supplier. This mechanism is used for specific categories of supply.
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What does the term "Reverse Charge" refer to in the context of GST?a)The recipient of goods or services pays the tax to the government instead of the supplier.b)The supplier of goods or services pays the tax to the government instead of the recipient.c)Both the supplier and recipient jointly pay the tax to the government.d)The tax is exempted for a specific category of supply.Correct answer is option 'A'. Can you explain this answer?
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What does the term "Reverse Charge" refer to in the context of GST?a)The recipient of goods or services pays the tax to the government instead of the supplier.b)The supplier of goods or services pays the tax to the government instead of the recipient.c)Both the supplier and recipient jointly pay the tax to the government.d)The tax is exempted for a specific category of supply.Correct answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What does the term "Reverse Charge" refer to in the context of GST?a)The recipient of goods or services pays the tax to the government instead of the supplier.b)The supplier of goods or services pays the tax to the government instead of the recipient.c)Both the supplier and recipient jointly pay the tax to the government.d)The tax is exempted for a specific category of supply.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does the term "Reverse Charge" refer to in the context of GST?a)The recipient of goods or services pays the tax to the government instead of the supplier.b)The supplier of goods or services pays the tax to the government instead of the recipient.c)Both the supplier and recipient jointly pay the tax to the government.d)The tax is exempted for a specific category of supply.Correct answer is option 'A'. Can you explain this answer?.
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