18 November 2020
Sir/Madam Please clarify the following doubts: Private Limited Company Incorporated in Lucknow Uttar Pradesh Has Board Meeting at Lucknow. Director residing in Delhi attends meeting virtually Directors Sitting fees is paid to director Does Company have to pay CGST &SGST under reverse charge or does Company pay IGST under reverse charge
Can ITC of tax paid under reverse charge on directors sitting fees be taken after discharge of tax liability.
20 November 2020
Sir Thank You for the guidance. I will be paying the IGST under RCM in the 3B of October.Self invoicing done in month of October Can I avail input tax credit in October GSTR 3B and also utilize it in October GSTR-3B. Thank You.
CAclubindia
