Reverse charge
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 January 2013
Whether a company is liable to deposit service tax under reverse charge If it pay salary to his directors.
CA.Sourabh Sethia
(Expert)
09 January 2013
yes the company is liable to pay service tax on the directors remuneration paid by the company to its directors.
without any abatement
without any abatement
Sanjay Singhal
(Expert)
09 January 2013
Salary paid to working directors, that is, full-time directors under the contractual terms is not covered under the service tax levy.
However, salary paid to non-executive directors or independant directors, who are not in full-time employment of the company would fall under the service tax net.
However, salary paid to non-executive directors or independant directors, who are not in full-time employment of the company would fall under the service tax net.
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