Service tax on remuneration of director
This query is : Resolved
11 August 2012
IS SERVICE TAX IS APPLICABLE ON THE REMUNERATION PAID TO DIRECTOR,S OR NOT.
12 August 2012
Service tax is applicable except salary paid to directors meaning thereby remuneration is covered under the tax net. Accordingly, company has to pay service tax under reverse charge method on which threshold exemption of Rs. 10 lakhs can't be availed.
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