remuneration to directors comes under rcm under GST BUT WHAT IF DIRECTOR RECIEVING COMMISSION HAVE GST NO. THEN?
WHEATHER RCM WOULD BE APPLICABLE UNDER THAT CASE?
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Remuneration to directors comes under rcm under GST
Replies (4)
Quick Summary
Any service provided by director in the capacity of director to the company comes under RCM regardless whether he is registered or not.
The services provided by a non-executive director to the company is subject to GST and will fall under the reverse charge mechanism of GST irrespective of commision
Yes i Agree with sourav ji
No .... remuneration paid to whole te director does not cover under RCM .it's cover Under Schedule III of CGST Act
Yes if any Remumration or commission is paid to independent director (define u/s149(6) company Act ) RCM is applicable in term of Notification 13/2017 CT (r)
Note : Kindly Refer Circular 140/10/2020 GST for complete explanation on above .
Yes if any Remumration or commission is paid to independent director (define u/s149(6) company Act ) RCM is applicable in term of Notification 13/2017 CT (r)
Note : Kindly Refer Circular 140/10/2020 GST for complete explanation on above .
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