technical consultancy paid to foreign director wheather liable to service tax we r paying amount in his bank account in india
Menu
Service taxc
Replies (2)
First check, Whether the amount paid to director in Director Capacity or Technical Consultant Capacity.
If it is paid to foreign director in Director Capacity no Service Tax is Attracted.
On the other hand, If it is paid to forign director in Technical Consultant Capacity it amounts to import of Service. Accordingly, Import of Service Rules will apply.
As per Import of Service Rules, service recepient has to pay service tax @ 10.30% under reverse charge mechanism.
Regards,
Kiran Kumar V
thanks
the dierctor is IT professional but does not have separate consultancy business he is only a director in the company
Recent Threads
- Longterm Capital gain exemption on sale of residen
- Purchase of second hand spares to machineries
- GST INPUT CREDIT ON EFFULENT TREATMENT FEE
- EXCESS AMOUBT SHOWN IN GSTR 3B (OCT, 2025)
- EMPOWER EMPLOYEES THROUGH TRAINING TO ACHIEVE ORGA
- Excess Sale amount reported and filled in GSTR 3B
- GST on forfeiture of advance received for sale of
- ITC can be taken or not?
- Land Sales, Interest on SB and Deposits Not Shown
- Is this true related to Sanchar Saathi App Permiss
Related Threads
CAclubindia
