Service tax on director remuneration..???

Yes Sitting Fees as already pointed out by Ganesh, attracts Service tax.

Dear CA Ganesh Karthik

Is it applicable to Private companie's Directors also?

Originally posted by : CA Ganesh Karthik
	Dear Nirmit,   The Notification should not be read in isolation. It has to be read along with basic provisions of the Act.   As per the Finance Act, the term service has been defined. As per the definition, Service excludes any service rendered by an employee to his employer in the course of his employment. Hence, every Whole Time Director / Managing Director / Executive Director, who is in the rolls of the company is not liable to service tax, as they are employees of the company.   Hence, this notification is applicable only to non-executive directors.   Hope your doubt is clarified.

agree

 

Hi,

I am working with One HR Consulting Based out in Delhi, In Terms of Incentive Calculations and Payout my current employer  First deduct Service Tax (12.36%) and then Deduct TDS (10%) as well. I Understood about the Deductions of TDS but How about service Tax, Am I liable to r that ? For Example– If we Raise a Invoice to Client with Service Tax and Client Pay us after Deducting TDS(10%), But when my employer is pay my commission then again they deduct Service Tax (12.36%) and then Deduct TDS (10%) and then Pay me, The Payment which they received from Client.

Kindly suggest me someone on this.

Regards

Arshad

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