I want to know that the now Reverse Charge payable or not on fees paid to advocates & Chartered Accountant. As per GST Council, in its Meeting on 6th Oct. 2017 the reverse charge mechanism (RCM) suspended till 31.03.2018. I want to know what is the reverse charge mechanism (RCM) under Section 9(4) of the CGST Act, 2017/ Section 5(4) of the IGST Act, 2017. The fees paid to Advocates & Chartered Accountants are falls under Section 9(4) of the CGST Act & Section 5(4) of the IGST Act, 2017.
Please advise the above matters as earliest possible.
08 November 2017
Fees paid to advocates falls u/s 9(3), so it continues to be in RCM, & fees for all other professionals RCM attracts u/s 9(4) if they are not registered, So that has been dispensed with till 31.03.2018. Legal fees you have to pay RCM.
CAclubindia
