I going to file service tax return on an individual, who received income from company as a " Director sitting fees, & commission " under " REVERSE CHARGE MECHANISM" .
His total fees for year 2012-13 is approx 25 Lacs ,
out of this Rs. 20 Lacs received as a Director Fees (194J) under " REVERSE CHARGE MECHANISM "
& Remaining Rs. 5 Lac is Professional Fees. under 194J
My queries are ;
1) Shall he file Nil return as his service tax liablity only of Rs. 5 Lacs, ( which come under Threshold limit. 10 Lac).
2) Where to show Director Fees received (194J) under " REVERSE CHARGE MECHANISM " In service tax retun.
CAclubindia
