Service tax on sitting fees for non executive director

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This query is : Resolved

Devendran C (Querist)

05 September 2012 Dear Expert,

Kindky update Service Tax impact on Sitting fees paid to Non Executive Director of the Company,and Notification no. also.

CA Suresh Jain

CA Suresh Jain (Expert)

05 September 2012 Sitting fee paid to Executive Director of the Company is chargeable to service tax and service tax is payable by the Company paying the sitting fee as per notification 30/2012 as amended by notification 45/2012 dated 7/8/2012
For further clarification please mail the query at sureshjain.nj@gmail.com chargeable Rs. 100 to 500 donation to the "KADAM" institute engaged in education to children of construction labours.

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CA.Vinita Gupta

CA.Vinita Gupta (Expert)

09 September 2012 In case of Sitting Fees paid to Director wef 7/8/2012 Service Receiver ie the Company will have to pay Service Tax @12.36% on behalf of the director to the department.

Please note that from 1st July to 7 th August the Director will have to pay his Service tax if its above 10 Lakhs and after 7th the company would be paying

Devendran C

Devendran C (Querist)

10 September 2012 Hi Madam,

Thank you very much for your advice.

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