In lines with the Notifications 45/2012 and 46/2012 dated 07/08/2012 Service tax liability shall arise on which portion of the payments received by the directors of a company ? Is the entire amount chargeable or any payment received as Salary by the director is exempt from Service Tax? Kindly clarify
Thanks in advance
Payment received in the capacity of an employee like MD, WTD is not liable.
Can anyone explain this in detail.
If there are only 2 directors in a company and there is no MD's, does this applicable?
Where Employer-Employee relationship exists, the same will not be exigible for service tax. Even if there are no MDs, but all the directors are whole time directors drawing salary, the company would not be liable for service tax..
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