Managerial remuneration

This query is : Resolved

ATUL BELEL (Querist)
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13 September 2013 sir may I know if we should charge service tax on managerial remuneration or not as per new service tax amendment.....

CA Kintal Shah

CA Kintal Shah (Expert)
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14 September 2013 If payment is made to:
1. Whole time director
2. Managing Director
3. Executice Director

then ST does not arise.

If it is made to director other than above three then, Service tax will be applicable.

Also note, the ST need to be charged by servide provider. Here service provider is Director and hence they need tocharge ST to company. So all compliances need to be done by Director.