26 October 2012
W.E.F 06-08-2012. service tax on directors sitting fees is taxable under reverse charge mechanism.
my question is 1. whether directors(independent) are required to issue invoice? 2.If there provide invoice , is it possible can we take cenvat credit based on above?. 3. suppose If there not provide invoice,can we take cenvat credit?
4. Normal TDS on professional charges will be levy both on service charges & service tax. what will be in the case of reverse charge?