19 August 2019
There is hospital and medical store under the same PAN in the constitution of Private Limited Company and it has applied for GSTIN. The hospital is wishing to pay professional fees to their directors who are doctors by profession. Then whether the company has pay GST on reverse charge basis on the professional fees? If paid in reverse charge then whether it can be claimed as ITC ? or it has to proportionately used for taxable supply and exempt supply?
20 August 2019
Reverse charge would be applicable provided the professional fee is paid otherwise then by virtue of employer employee relationship. ITC would be eligible and would be available proportionately.
CAclubindia
