Applicability on directors fees - reverse charge mechanism
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 December 2012
As per the new Scheme in Service Tax - Reverse Charge Mechanism, ST is now applicable on payment of Directors Sitting Fees to Directors.
Now, for a small Company, not registered under ST or not having any business covered, till date under ST provisions, what is the implications of the new scheme.
Please help.
Thanks,
Now, for a small Company, not registered under ST or not having any business covered, till date under ST provisions, what is the implications of the new scheme.
Please help.
Thanks,
CA CS Amit S. Kedia
(Expert)
24 December 2012
Now,
Despite of being a very small company, it has to get registration and pay service tax under reverse charge
Despite of being a very small company, it has to get registration and pay service tax under reverse charge
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