Home Forum Service Tax Month 7 2012 2012 (7) This
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Services performed by director of the company - Payment of Service Tax reg. - Service TaxExtract The services performed by a director (other than Managing Director/Executive Director/Whole time Director who are employees of the Company) fall within the ambit of taxable services with effect from 1st July, 2012. Accordingly, service tax would be applicable on sitting fees and/or commission to Non-Executive Directors of the Company. Kindly let us clarify the following :- Whether Director is required to obtain Service Tax Registration? Whether the payment shall be made on the strength of Invoice/Bill. Whether Input service credit is eligible if the unit manufacturing unit providing output services. If the Sitting fees is not more than Rs. 10 Lacs, whether the company has to pay Service Tax reversed charge method? Regards, VINAY
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