10 January 2017
In case of listed company, whether service tax will be applicable where TDS has been deducted on the amount paid to independent director. We are treating the amount paid as director sitting fees.
10 January 2017
Director sitting fees is also a king of remuneration paid to Director. So it is liable to TDS. Regarding Service Tax u must confirm once from the director if she/he is charging Service Tax in the invoice charged by her/him.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
10 January 2017
In this case reverse charge is applicable so liability for paying the service tax is on company and the director has not issued any invoice. So in such situation whether we should make the payment of service tax including interest and penalty or what further can be done.
10 January 2017
You should pay service tax under reverse charge on director's sitting fees along with interest on delay in deposit,if there is any delay.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
10 January 2017
is there any cenvat credit available for the above service for the service reciever.
10 January 2017
If the director has not raised any Service Tax in her/his invoice then there is no need to pay it forcefully. Only if Service Tax portion is mentioned in the invoice, then u need to pay it.
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