Applicability of GST RCM on Professional Fees paid to Wholetime Director, Goods and Services Tax - GST

[Kalpesh Shah]

Respected Experts and Seniors,

My Querry :

Whole time Director of a Pvt Ltd Company taking Professional fees from the Company.

Company Deducts TDS U/s. 194J of Income Tax Act.

Wholetime Director is also Registered Under GST Act.

Kindly Suggest

1. Whether GST is applicable on RCM basis to company or Forward Charge basis ?

2. Whether director is required to be registered under GST, if his other receipts (other than Above Professional Fees) is below Rs. 20 lakhs ?

Thanking you in Advance.

Posts / Replies

[Shilpi Jain]

1. Whether GST is applicable on RCM basis to company or Forward Charge basis ?

No RCM for the professional serivces.

2. Whether director is required to be registered under GST, if his other receipts (other than Above Professional Fees) is below Rs. 20 lakhs ?

If other receipts + prof fees > 20L then liable to register

[Kalpesh Shah]

Thank you for the Reply Shilpi Madam.
 

further Querry on the same point 

Company is Disclosing the Professional Fees under Managerial Remuneration. Then what will be the status of GST ?

[Padmanathan KV]

What is the nature of service rendered by the director?

[Kalpesh Shah]

Dear Sir,

Nature of Services rendered is Professional Services as a Technical Person.

[Padmanathan KV]

In that case, I agree with the views of Shilpi Ma'am. 

[Kalpesh Shah]

Thank you for the Reply