Cabinet Decision No 91 of 2023: Revolutionizing Electronic Device Transactions with RCM
In a bold move that is set to reshape the landscape of electronic device transactions, Cabinet Decision №91 of 2023 has ushered in a new era. This decision, officially announced in Gazette Issue №758 dated August 30, 2023, introduces a specialized Reverse Charge Mechanism (RCM) tailored exclusively for local electronic device transactions. The RCM on Electronic Devices , as outlined in this pivotal decision, encompasses a wide range of gadgets, including mobile phones, smartphones, computers, tablets, and their corresponding spare parts. Understanding the Reverse Charge Mechanism (RCM) on Electronic Devices Defining Electronic Devices The meticulous crafting of Cabinet Decision №91 of 2023 leaves no room for ambiguity in defining electronic devices. Encompassing mobile phones, smartphones, computers, tablets, and related spare parts, the decision’s definition is comprehensive, ensuring that all stakeholders have a clear understanding of the scope of the RCM on E...