07 June 2018
I have received one notice from gst department with the subject regarding the audit and furnishing the figures. in second Para, it says that certain amount has been paid by pvt ltd company to its Directors in the year 2016-17 as director remuneration . the details of the said amount may be provided as to under which category / head the said payment has been made for what purpose / activity. it may also be intimated that TDS under which section of the Income Tax Act has been paid, and copies of 26AS is also demanded. I am requesting to you to please guide me what should I do on this matter.
08 June 2018
Dear Sir, It is not very simple, because in Subject line the proper officer of GST for Audit, and in second para they requested for directer remuneration details in INCOME TAX, how these two things are correlated.
08 June 2018
and they are correlated because if the director has been paid salary, then GST doesn't apply but if he has been paid sitting fees, then GST is applicable. You should understand this.
CAclubindia
