Reverse charge for service by a director to a body corporate

SWARUP SARKAR (PRACTISING CS) (59 Points)

11 July 2014  

Dear Professional colleagues,

If a Director (both executive and non-executive) draws salary or commission from its own company, is it taxable under Service Tax, under reverse charge mechanism as per latest Bill 2014-15?

What will be the situation if a Director is a professional Director and draws only salary or charges some fees for rendering professional service?

Thank you.