Remuneration to Directors of a private limited company
This query is : Resolved
10 February 2020
1. Is RCM - under GST applicable to the remunertion paid to the directors of a company?
2. If yes what is the rate and from when applicable.
3. The income of the company is lease rental income only.
4. Whether the company can claim input of RCM paid on directors remuneration.
Please repy
Sai
2. If yes what is the rate and from when applicable.
3. The income of the company is lease rental income only.
4. Whether the company can claim input of RCM paid on directors remuneration.
Please repy
Sai
10 February 2020
If director is a full time director working in the capacity of an employee , RCM is not applicable .
Otherwise , for part time directors/ independent director - remuneration is to be paid under RCM .
It is applicable w.e.f. 01.07.2017.
Otherwise , for part time directors/ independent director - remuneration is to be paid under RCM .
It is applicable w.e.f. 01.07.2017.
10 February 2020
Company can take ITC , if GST paid on director's remuneration under RCM
10 February 2020
Thank you Madam
Sai
Sai
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