GST on Director's' Remuneration & others payments

Last updated: 15 June 2020

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This document provides a quick analysis of how Goods and Services Tax (GST) applies to payments made to company directors. It clarifies the GST treatment based on whether the director is considered an employee, a consultant/other role, or a combination of both. The document highlights when GST is applicable, when the company needs to pay GST under the reverse charge mechanism, and when Input Tax Credit (ITC) can be claimed. This is essential reading for businesses and accounting professionals navigating director payments.

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1 pager on applicability of GST on Remuneration and other payments to Directors - analysis of GST Policy Wing Circular No. 140/10/2020 dated 10.06.2020. #pdf

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Submitted by pradeep goyal · Posted 15 June 2020 · Other files by pradeep goyal · Report

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