Service tax liability on directors sitting fees

This query is : Resolved 
 

(Querist)
18 August 2012

whether service tax will be applicable on director's sitting fees paid to independent directors or not?


CA Nikhil Jhanwar (Expert)
20 August 2012

Yes Service tax is payable on Directors sitting fees. But it is covered under reverse charge so service tax shall be paid directly by company to he government.

RENGARAJ R.K (Expert)
27 August 2012

Upto 06.08.2012 the liability of paying service tax lies with the independent directors (01.07.12 to 06.08.12) if their remuneration cross 10 lacs, and from 07.08.12 as explained by the expert it is under reverse charge.



You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :






× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x
  SHARE THIS