My OPC will be paying 10 lakhs GST this year. Because OPC is exporting IT service, i will request refund from GST in AY .
In that AY, can i send that refund to opc director as dividend ?
What dividend taxes are applicable ?
Thanks :)
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GST refund as dividend to OPC ?
Replies (1)
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Legal: You can distribute cash (including GST refunds) as a dividend, provided it is paid out of the company's available profits.
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Taxation: The company will deduct 10% TDS (if above the threshold), and you will pay tax on the dividend amount according to your personal income tax slab.
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