Souvik Kumar Ghosh (CA Final) (1368 Points)
16 September 2013From the service tax point of view: Can a director be a managing director of 2 Pvt Ltd companies and get exemption from the service tax on the remuneration paid to him by the companies?
AMITA KOCHER
(ASSISTANT MANAGER - FINANCE)
(282 Points)
Replied 16 September 2013
no provision regarding any such exemption
Arun Kumar Singh
(GST Advocate)
(15188 Points)
Replied 16 September 2013
If director will provider any services to the company then service tax will be arise under reverse charge system.
sachin pratap singh
(ACCOUNTANT)
(25 Points)
Replied 17 September 2013
Manoj Agarwal
(Service Tax Consultant Rourkela ServiceTaxExpert@yahoo.com)
(3456 Points)
Replied 17 September 2013
Yes, rightly pointed by sachin ji. The Managing Director is an employee of the company and any salary paid to him is not covered in the defination of service U/s 65B(44)
Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance
CAclubindia
