Reverse charge on remuneration paid to director

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Neel Soni

Neel Soni (Querist)
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10 February 2015 Is company liable to pay service tax on payment made to director as remuneration

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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10 February 2015 100% service tax is payable by the company under RCM on payment made to director(other than whole time director for whom salary TDS is made)

CA ANILKUMAR B.COM FCA DISA

CA ANILKUMAR B.COM FCA DISA (Querist)
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10 February 2015 All amounts paid as remuneration except salary to directors shall be liable to service tax , whether for attending board meeting, or committee meeting or for any services rendered in the capacity of a director. Consideration may be in the form of sitting fee, commission, bonus, share in profit and benefit in form of sitting ESOP. If there is employer employee relationship exists it will not come under ST. Whole time directors are treated under this category and that is why they are excluded.

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