Regarding service tax on directorship.
This query is : Resolved
13 June 2014
Dear Sir,
Let me know what is the defination of full time director for the purpose of payment of service tax under reverse charge mechanism.
In case,if a director is a proprietor of a business under his individual capacity,he cant be called a fulltime director,merely he is engaging in a business,however he is devoting his entire time in the company as a director.Please clear the position of director in this case,because companies are receiving notices from the service tax department regarding this issue.
Let me know what is the defination of full time director for the purpose of payment of service tax under reverse charge mechanism.
In case,if a director is a proprietor of a business under his individual capacity,he cant be called a fulltime director,merely he is engaging in a business,however he is devoting his entire time in the company as a director.Please clear the position of director in this case,because companies are receiving notices from the service tax department regarding this issue.
14 June 2014
Service tax is not payable in case of Managing Director or wholetime director or executive director, if the director is in full time employment of the company.
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