Salary paid to executive director....

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Audit incharge
23 Points Posted on 30 March 2020
sir I want to ask a quarry... whether GST is applicable on RCM basis on salary paid to executive director of the company....
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On 30 March 2020 at 13:03 Report
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This discussion clarifies the applicability of GST on salaries paid to executive directors. Under Schedule III of the GST Act, salaries paid to executive directors are considered part of their employment and are therefore exempt from GST. Reverse Charge Mechanism (RCM) is only applicable for salaries paid to non-executive directors.

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GST Practitioner
55067 Points Posted on 30 March 2020
No.................
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On 30 March 2020 at 13:08
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Chartered Accountants
2015 Points Posted on 30 March 2020

Not at all..............

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On 30 March 2020 at 13:13
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CA
2 Points Posted on 30 March 2020
Schedule III applicable...no gst
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On 30 March 2020 at 13:36
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Consultant
1891 Points Posted on 30 March 2020

No, RCM is applicable only if salary is paid to Non Executive director. 

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On 30 March 2020 at 13:57
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0
609 Points Posted on 31 March 2020
Salary paid to executive director hence he will be considered as an employee of the company so no gst applicable. RCM is applicable only in case of non executive director.
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On 31 March 2020 at 01:49

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