Service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2015 Dear expert,
there are Two director in the company remuneration is being given RS. 100000/- to each.
My Question is who is liable to pay service tax and what will be the ST percentage. if it
is cover under reverse charges than the 100% ST amount is to be paid by the company or not,

plz, reply soon,

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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11 March 2015 ST on remuneration on director..???

Service tax doesnt apply to remuneration paid to directors dear...

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 March 2015 100% service tax at 12.36%(presently)under reverse charge is payable by the company on payments made to other than whole time time directors.

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2015 Dear sir,
one director is whole time and secound is part time. on behalf of whose director. the company is liable to pay ST whether whole time or part time.
100000 remuneration is being paid by the company, have to pay 12360 ST under reverse charge. but can we avail ST input

also note that. in this Query CA ankit Bohra has also reply he has mentioned ST doesn't apply to remuneration paid to director

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 March 2015 On behalf of part time director the company has to pay service tax.
See the link.
https://www.caclubindia.com/articles/faq-on-service-provided-by-directors-to-company-14715.asp#.VP_0CnyUeZ0

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2015 DEAR SEETHARAMAN SIR,
thank for your positive reply.

plz. tell me. if company will pay 12360/- ST on behalf of part time director.

can company avail the ST input of 12360/- under reverse charges....

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 March 2015 Yes input Service includes services relating to administration of company and hence Director’s services qualify for Input services. Therefore, Cenvat Credit can be availed of service tax paid on remuneration to Directors.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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11 March 2015 thanks seetharaman sir for rectifcying my mistake...Sorry friend..!!

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 March 2015 You are welcome...........

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