Ravi Reddy (ca final) (139 Points)
27 June 2017Whether GST is applicable On Directors remuneration? If applicable, on which type of directors?
Also whether it is applicable on sitting fees?
natarajan
(SM - Audit & Taxation)
(156 Points)
Replied 27 June 2017
Dear team.
The provisions containing in the erstwhile service tax law, got copied and pasted under GST Law reverse charge mechanism.
Non executive directors (other than managing/ whole time director) will be subject to reverse charge liability.
Sitting fees also will attract that matter.
natarajan
CAclubindia
