22 December 2012
If the director of a company rents his premises to the company will it be construed as provision of services for the purpose of notification no. 45/2012 dated 7th August,2012 and will reverse charge mechanism be applicable to the company on the same.
The objective of notification 45/2012 is to cover the Non Executive directors who are getting commission and bonus from the company. Reverse charge shall not apply if the directors has given the property on rent to the company.
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