Hi,
we are a private limited company where the wholetime director of the company are the promoters as well as shareholders of the company. their are 2 directors of the company each drawing a salary of Rs 2.5 lacs p.m. we deduct the tds under section 192 as salary paid. Accounting entry is done as salary paid to directors.
My query is
1) do service tax is applicable to directors as per notification no 45/2012, payable by the company.
2) if yes, do directors have to availed a service tax no.
3) Directors also provide the premises for office use, for which a rent is paid of Rs 1.5 lacs each. In case, if the director has to avail a service tax no, do the director has to charge service tax on rent.
Kindly resolve the above query, if possible with case studies.
Regards
Mahendra
CAclubindia
