Start networking and exchanging professional insights

Register now or log in to join your professional community.

Rehan Qureshi
by Rehan Qureshi , Financial Consultant , Self Employeed

Reverse charge may mean:

In placing telephone calls, reversing charges is also known as a Collect call.

With rechargeable batteries, a mistake in use or charging may lead to Reverse charging.

the accrual of VAT by the buyer of goods or services

A trick in pen spinning, in which the pen spins counter-clockwise between two fingers, as opposed to Charge, in which pen spins clockwise.

 

mukkur srinivasan varadhan
by mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice

In Indian context, in respect of Servicetax, normally service provider is obliged to collect servicetax and remit to the Government within the specified time. But in certain cases, instead of the Service provider, Service receiver is obligated to pay the tax from the services received and deposit into Government Account. This is called Reverse Charge mechanism.

More Questions Like This