Service tax on director remuneration..???

Nirmit Choraria (CA Final) (1333 Points)

11 August 2012  

Now recently ammendment about service tax on director remuneration. Notificatio No. 45/2012.

1) It is applicable Exemption limit 10 lac for service tax on director remuneration? 

2)Can every company must take service tax number and pay service tax for payment to director remuneration?

3) When director Remuneration paid less than 10 lac, it required to take service tax number. Ammendment say that " director remuneration is liable to service tax and respective company is liable to pay ST under reverse charges @ 100%".
What is exect meaning about that?