Service tax notification no. 45/2012
This query is : Resolved
11 August 2012
My query regarding the notification is can a director can claim for exemption of Rs. 10,00,000 and thus there can be no liability of Company to pay service tax on its service.
11 August 2012
yes, exemption limit is available for service provider in all case.
11 August 2012
YES....AGREE WITH ABOVE.
12 August 2012
Dear Sir
As per Reverse Charge Mechanism applicable on the salary of Directors the exemption limit of Rs. 10,00,000 in service tax still be available to the director ?
As per Reverse Charge Mechanism applicable on the salary of Directors the exemption limit of Rs. 10,00,000 in service tax still be available to the director ?
12 August 2012
Under the reverse charge method company is paying service tax and threshold exemption limit is not available for services taxable under reverse charge. As a corollary, question of exemption of Rs. 10 lakhs in the hands of the director doesn't arise.
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12 August 2012
Mr. B. Chackrapani Warrier
I thank u Sir for your expert opinion.
As per interpretation of the notification above each and every company has to take service tax registration number who is liable to pay service tax under reverse charge method . What is your advise ?
I thank u Sir for your expert opinion.
As per interpretation of the notification above each and every company has to take service tax registration number who is liable to pay service tax under reverse charge method . What is your advise ?
12 August 2012
I also observe so.
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