Service tax on director remunetarion
Querist : Anonymous
As per service tax notification 30/2012 dt. 20.06.2012, Director are required to pay service tax on director remuneration. and notification no. 44/2012 a company is liable to pay service tax on Director remuneration under reverse charge.
my question is A private limited is paying Rs. 20000/- per month to its two directors each and 1% commission on sales.
so is company liable to pay service tax on director salary and commission ?
Please clarify.
& On Remuneration, Just Check Whether Director is Executive or Non Executive.
If Executive Then No Need to Pay Service Tax.
In Case of Non Executive Service Tax Need to Pay.
Querist : Anonymous
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