I Have query regarding GST on professional fees & rent paid to directors. GST to be paid on RCM basis on services provided by director however if director issue Tax invoices charging GST & same has been paid to government by the director himself, then is there is any GST liability arises on part of said company. What if company also taken ITC of same invoices of director.
30 November 2017
Since GST has been paid to the Government, it is a revenue neutral situation, so however, there could be disputes with the authorities, since the statuory responsibility is that of the company under reverse charge. ITC however can be taken.
CAclubindia
