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SERVICE TAX ON DIRECTORS REMUNERATION

Service Tax - Started By: - Mehul Pandya - Dated:- 25-5-2015 Last Replied Date:- 6-6-2015 - Greetings to all the Members, As per Notification No. 45/2012 - Service Tax dated the 7th August, 2012, Sr. No. 5A- in respect of services provided or agreed to be provided by a director of a company to the said company.(under RCM). my query is - Will all the Directors fall under this or is it only for the Non - Executive Directors and the Independent Directors who are not the Employees of the Company, Ki .....

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. Liability under RCM arises in case of other directors. Guiding factor could be terms of appointment, nature of deduction of TDS, form filed with ROC etc. - Reply By Mehul Pandya - The Reply = Thank you all - Reply By Mehul Pandya - The Reply = If company gives Remuneration to the Directors then is it taxable? If company pay consideration other than salary? - Reply By CS SANJAY MALHOTRA - The Reply = Dear Mehul,Managing Director and Whole Time Directors are full time Employees in the Company as .....

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company. Mr. A is management consultant to M/s. XYZ Co. and the entire show in India is run by him. Mr. A gets fixed monthly consultancy charges along with yearend commission based on performance of the company. Mr. A collects his consultancy through his proprietor firm by raising bills. Apart from the above, Mr. A is not in the rolls of the company and do not get any remuneration. At present, Mr. A is raising bill along with service tax in the name of his proprietorship firm. In the above scena .....

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