Service taxapplicability for directors on board of pvt ltd c
This query is : Resolved
01 August 2012
If I get a Fee for being on the Board of a Company ( Pvt Ltd) is Service Tax Applicable to the fee paid to me--I am a non executive Director
What is the current Revenue limit beyond which Service Tax needs to be registered or filed
If I get a Fee for being on the Board of a Company ( Pvt Ltd) is Service Tax Applicable to the fee paid to me--I am a non executive Director
What is the current Revenue limit beyond which Service Tax needs to be registered or filed
01 August 2012
There is a lengthy discussion going on in the industries circle about the Director-Employer -Employee relationship. The CBEC has requested the chamber of commerce, industries, tax consultants to provide their considered opinion about this and we have to wait upto mid of august for results.
As on date, the NEDs are liable to pay service tax on their income, commission including sitting fees in their private capacity if their income crosses 10 lacs in a year. TRU (Tax research Unit) would like to bring this under reverse charge.
As on date, the NEDs are liable to pay service tax on their income, commission including sitting fees in their private capacity if their income crosses 10 lacs in a year. TRU (Tax research Unit) would like to bring this under reverse charge.
01 August 2012
Yes service tax will be applicable and very nice reply by the Expert
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
- Inventory of finished goods
- Tds on building rent monthly
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- GST Regis.
- Disallowance of Section 43B(h) to sez units
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
