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GST registration for Director Remuneration

Registration 734 views 4 replies
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Analyst
39 Points Posted on 23 February 2024

I am working in only one company as director and getting paid fee as director remuneration since I am not covered under salary and i am getting paid more than 20 lakh per annum. Do I need to get registered under GST ? Is it necessary register since I am working full time only in one company.

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On 23 February 2024 at 08:33 Report
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Manager - Accounts & Finance
105 Points Posted on 23 February 2024
There is the scheme of RCM where service receipent will pay the GST
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On 23 February 2024 at 11:13
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Profession Business
28202 Points Posted on 23 February 2024
Service recipient will pay the gst.
44 Reply
On 23 February 2024 at 14:10
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Chartered Accountant
86505 Points Posted on 23 February 2024
Remuneration received by director is taxable under RCM and company will pay the tax on it.

So you need not required to pay tax.
814 Reply
On 23 February 2024 at 21:10
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GST Consultant
15986 Points Posted on 24 February 2024
GST registration is not required for the director in your case. However for company if remuneration is in nature of salary then no RCM required otherwise gst under rcm will have to be paid by the company.
55 Reply
On 24 February 2024 at 05:24


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