Whether GST Paid under reverse charge mechanism for Director sitting fee by NBFC, needs to be get reversed @ 50% under rule 38 ?
Menu
Gst on nbfc
Replies (2)
| Originally posted by : Haribabu Mohan | ||
 |
Whether GST Paid under reverse charge mechanism for Director sitting fee by NBFC, needs to be get reversed @ 50% under rule 38 ? |  |
Yes Claim as per Rule 38 & my Opinion
Actuay me too agree with Mr Ravi,. but doubt is..... being deposited againt RCM means the amounted deposited in cash ledger can setoff,
so wait for other expert replies on same
so wait for other expert replies on same
Recent Topics :
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
Related Topics :
CAclubindia
