What is the applicability of GST on director's remuneration?
(Assistant Manager - Accounts)
Replied 06 June 2017
GST is not applicable on the director's remuneration or salary.
GST under Reverse Charge will only applicable on the sitting fees and other services provided or to be provided by the Director.
Services provided or agreed to be provided by a director of a company or a body corporate to the said company or the body corporate otherwise than in capacity of employee shall be taxable under Reverse Charge Mechanism and tax shall be paid such company or body corporate.
Thanks and Regards
CA Finalist and Internal Auditor
Mobile - 9717468521
CA Ruchika Tulsyan
Replied 20 June 2017
what is the Provision if directorship is in more than 1 company?
Replied 06 August 2017
Replied 23 September 2017
What if sitting fee is specified in contarct of employment ? And Is sitting fee considered as professional rececipt ? And if sitting fee is also paid to an employee who is not a director becuase employee 's presensce in meeting is required (as per contractract of employement ) ?