Service tax
This query is : Resolved
18 August 2012
Dear Members,
A Private Limited Company has a Managing Director. Is the Company/ Managing Director required to pay Service Tax on the remuneration payed to the Managing Director.
Thanks & Regards,
Srirang
A Private Limited Company has a Managing Director. Is the Company/ Managing Director required to pay Service Tax on the remuneration payed to the Managing Director.
Thanks & Regards,
Srirang
18 August 2012
Dear Friend,Services provided by the employee to its employer is mentioned in Negative List of Service Tax and hence not chargeable. Since Managing Director is whole time employee of the company thus the services provided by the Managing Director to the company is not taxable.
18 August 2012
Agree with Deepakji..
Service provided by employee to employer during the course of employement is covered under negative list.
Service provided by employee to employer during the course of employement is covered under negative list.
18 August 2012
Thanks Deepak ji and Amit Ji.
Regards,
Srirang
Regards,
Srirang
Guest
Guest
(Expert)
18 August 2012
Service provided by employer to employee is not covered under negative list. Rather The definition of service itself excludes services provided by the employees to employers.
Whole time directors and Managing Directors of the companies are considered as employees of the company in which they are directors. Hence, there is no service tax in respect of such employee directors. Service tax will apply only in case of non employee directors.
Whole time directors and Managing Directors of the companies are considered as employees of the company in which they are directors. Hence, there is no service tax in respect of such employee directors. Service tax will apply only in case of non employee directors.
22 August 2012
Thanks Neha Madam.
Regards,
Srirang
Regards,
Srirang
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Is online PGCE worth it?
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
