Delhi HC: Advocate Acting as Insolvency Professional Liable to GST Under Forward Charge Mechanism, Not RCM
What Happened
Delhi High Court held that an advocate acting as an Insolvency Professional is liable to pay GST under the forward charge mechanism and cannot claim the reverse charge benefit available to advocates rendering legal services. The post Delhi HC: Advocate acting as Insolvency Professional liable to GST under forward Charge Mechanism, Not RCM appeared first on SCC Times.
Practical Implications
Lawyers advising clients on GST compliance should note that advocates acting as Insolvency Professionals are now liable to pay GST under the forward charge mechanism, potentially increasing their tax burden and requiring them to register for a GSTIN.
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