Service tax on director fees
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 September 2012
Respected Sir/Mam,
Please let me know about applicability of service tax on director sitting fees. We are paying Director sitting fees of Rs 20000/- in each meeting so please let me know applicability of service tax on this? how will the Service Liability will be computed?? And can i get cenvat credit for the same?
Please let me know about applicability of service tax on director sitting fees. We are paying Director sitting fees of Rs 20000/- in each meeting so please let me know applicability of service tax on this? how will the Service Liability will be computed?? And can i get cenvat credit for the same?
Amol S Joglekar
(Expert)
13 September 2012
The company needs to pay service tax @12.36% on reverse charge mechnism.
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