Rcm on director commission and sitting fees.

RCM 4292 views 3 replies
Is Rcm still continuing on director commission and sitting fees. If is still continuing at what rate the rcm has to be made?
Replies (3)
Yes , it cover under section 9(3) which is never deferred. Section 9(4) inward from URD is deferred till 30/6/18 by vide Notification 10 IGST Act

RCM Rate is 18%
That means after 30th June, it will attract rcm?

Director sitting fee is notified service under RCM, there is tax under RCM from 1st July 17 only.

 


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