Service of a director

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Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2012 Whether all the directors are covered under service tax net or only non-executive directors are liable? Is executive director's remuneration covered?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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13 August 2012 Executive or non executive is not the criterion. Other than 'salary' payment attracts ST vide notification 45/2012 dated 7/8/2012.

Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2012 Sir in case of other than non executive director 10Lakh exemption limit will be applicable ?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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13 August 2012 Threshold exemption limit of Rs.10 lakhs is not available since ST is paid on reverse charge method.

Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2012 Sir as per my knowledge, reverse charge is applicable only in case of non executive director

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