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Remuneration to Directors of a private limited company

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(Querist)
10 February 2020 1. Is RCM - under GST applicable to the remunertion paid to the directors of a company?
2. If yes what is the rate and from when applicable.
3. The income of the company is lease rental income only.
4. Whether the company can claim input of RCM paid on directors remuneration.
Please repy
Sai
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CA Anita Bhadra

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CA Anita Bhadra (Expert)
10 February 2020 If director is a full time director working in the capacity of an employee , RCM is not applicable .
Otherwise , for part time directors/ independent director - remuneration is to be paid under RCM .
It is applicable w.e.f. 01.07.2017.
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CA Anita Bhadra

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CA Anita Bhadra (Expert)
10 February 2020 Company can take ITC , if GST paid on director's remuneration under RCM
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R S Sai Kumar

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R S Sai Kumar (Querist)
10 February 2020 Thank you Madam
Sai
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