Director remuneration
This query is : Resolved
14 September 2012
Dear sir,
If director is recive remuneration from company the company is liable to deduct service tax under reverse charge mechanisim under service tax ?
whether director can take input credit of service tax paid ?
If director take as salary from company same rule will apply ?
If director is recive remuneration from company the company is liable to deduct service tax under reverse charge mechanisim under service tax ?
whether director can take input credit of service tax paid ?
If director take as salary from company same rule will apply ?
CA Navin Jain
(Expert)
14 September 2012
service tax will applicable if director is an non executive director.
CA.Vinita Gupta
(Expert)
14 September 2012
Service tax is applicable on Non Executive Director wef 07.08.2012 vide notification no 30/2012 dated 20.06.2012.
Therefore wef 07.08.2012 the Company ie Service Receiver is liable to Pay ST.
Before 07.08.2012the Director is liable to pay ST. (Please note that if the Director falls under SSP ie Salary is below Rs.10lakhs then he is not reqd to pay)
See Notification 33/2012
Therefore wef 07.08.2012 the Company ie Service Receiver is liable to Pay ST.
Before 07.08.2012the Director is liable to pay ST. (Please note that if the Director falls under SSP ie Salary is below Rs.10lakhs then he is not reqd to pay)
See Notification 33/2012
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