Input credit on gst paid in reverse charge.
This query is : Resolved
Quick Summary
13 February 2020
there is a GST registered hospital.
Professional fees is paid to directors of the company who are directors by profession.
Whether ITC is available of such GST?
Whether it is available fully or not?
whether directors should be paid professional fees or salary for avoiding GST burden?
Professional fees is paid to directors of the company who are directors by profession.
Whether ITC is available of such GST?
Whether it is available fully or not?
whether directors should be paid professional fees or salary for avoiding GST burden?
14 February 2020
Whether to pay salary or professional fee?
In reality it is other way round. In the first place, amount is agreed say 10 lakh per annum. Now the recipient has to decide if s/he wants as professional fee or salary.
In either case the gross amount would remain 10 lakh.
In reality it is other way round. In the first place, amount is agreed say 10 lakh per annum. Now the recipient has to decide if s/he wants as professional fee or salary.
In either case the gross amount would remain 10 lakh.
14 February 2020
what if amount is not fixed to be paid?
17 February 2020
ITC is available on the director's fee.
Director's fee is to be paid by the hospital under RCM and full credit is available.
From the GST point of view, salary payment to directors is more beneficial.
Director's fee is to be paid by the hospital under RCM and full credit is available.
From the GST point of view, salary payment to directors is more beneficial.
17 February 2020
Thank You Anita madam.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- Journal entry of busniess expenses
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Cash balance limit and property purchases limit
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
