Such services remain outside the purview of GST and hence will not be taxed on RCM basis. Services supplied by the director in capacity of a professional - If sitting fees, travelling and incidental expenses, commission or other remuneration is paid to independent director, who is not the ...
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ITC on the GST paid under reverse charge would be eligible in the same month. In the instance that, the Invoice value for the quarter is lesser than RCM paid based on 2 months provisions, there would be no requirement to reverse RCM paid or ITC claimed, as it has a NIL revenue impa...