Hi,
GST applicable for Director Remuniration ??
Abisheik
(Articled Clerk)
(173 Points)
Replied 28 September 2017
Yes, GST is applicable on Directors remuneration under RCM payable by the company.
For more clarifications refer the below link sir
https://www.indiafilings.com/learn/gst-directors-remuneration/
SIVASANTHOSH T
(NARASANNAPETA)
(64 Points)
Replied 28 September 2017
RAJA P M
("Do the Right Thing...!!!")
(127177 Points)
Replied 28 September 2017
No...
RCM not applicable on Remuneration..
Abisheik
(Articled Clerk)
(173 Points)
Replied 03 October 2017
GST applicability on Directors Remuneration depends on the nature of remuneration paid.
If remuneration is paid in nature of salary to a director who is involved in management of the company then GST wont be applicable and in cases like remuneration paid in way of Sitting Fees,Commission,Charges for guarantee given for company's loan etc would attract GST.
RAJA P M
("Do the Right Thing...!!!")
(127177 Points)
Replied 03 October 2017
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