ITC on remuneration paid to company directors
GIBY BABU (26 Points)
19 May 2022
Sir can we claim ITC of tax paid under RCM on remuneration to company directors
5 Replies
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 20 May 2022
If the remuneration has been paid as salary then there won't be any GST.
If paid as professional fees and RCM have bene paid then you can take ITC of the tax paid under RCM.
Rajendra Prasad
(Employee Private)
(1913 Points)
Replied 20 May 2022
In my view, Any remuneration paid to the Directors - other than whole time Directors and Sitting fees or any other charges paid to all the Directors has to be chargeable under Reverse Charge, and not restriction on ITC.
sabyasachi mukherjee
(27811 Points)
Replied 21 May 2022
So professional fees are not applicable on gst.
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