How to differentiate Sanction of refund with Reverse Charge Mechanism?
Difference between Reverse Charge Mechanism and Sanction of refund under GST terms
What is Sanction of refund? How does Reverse Charge Mechanism work under GST regime? What are the difference between Sanction of refund and Reverse Charge Mechanism?
The details about Sanction of refund and Reverse Charge Mechanism with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Sanction of refund and Reverse Charge Mechanism, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Sanction of refund and Reverse Charge Mechanism separately below. You may kindly read the below links to know more about Reverse Charge Mechanism and Sanction of refund.
Sanction of refund under GST
Reverse Charge Mechanism Unregistered recipients under GST
The above information easily explains about Reverse Charge Mechanism and Sanction of refund.
We hope, you have satisfied with the difference between Sanction of refund and Reverse Charge Mechanism explained above. Do you have different thought on difference between Reverse Charge Mechanism and Sanction of refund?
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CGST Act section 44 Annual return
Term RBI on T+1 basis under GST
Term Provisional Identification Number(PID)under GST
Term provisional assessment under GST
CGST Act Section 33 Amount of tax to be indicated in tax invoice and other documents.
CGST Act Section 34 Credit and debit notes
CGST Act Section 35 Accounts and other records
CGST Act section 36 Period of retention of accounts
CGST Act Section 37 Furnishing details of outward supplies
CGST Act section 38 Furnishing details of inward supplies
CGST Act Section 39 Furnishing of returns
CGST Act section 40 First return
CGST Act section 41 Claim of input tax credit and provisional acceptance thereof
CGST Act Section 42 Matching, reversal and reclaim of input tax credit
CGST Act section 43 Matching, reversal and reclaim of reduction in output tax liability
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