Whether GST Paid under reverse charge mechanism for Director sitting fee by NBFC, needs to be get reversed @ 50% under rule 38 ?
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Gst on nbfc
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| 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
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