GST ON DIRECTOR REMUNERATION
Rakesh Goenka (140 Points)
29 November 2017
Whether GST is applicable on Director Remuneration.
3 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 29 November 2017
No....
GST not applicable for remuneration.
GST not applicable for remuneration.
Ravi Kumar Somani
(Indirect Taxes Specialization)
(3893 Points)
Replied 29 November 2017
Yes, if the directors is not an employee. In other words, GST is applicable on remuneration paid to non executive and independent directors. Further, the same is covered under reverse charge and company needs to pay GST as a recipient of service.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 30 November 2017
Remuneration is one of the firm of Salary. GST not applicable for remuneration...
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