Prakash Chandra (191 Points)
13 July 2022
CA. ANKIT PANDYA
(CA)
(682 Points)
Replied 13 July 2022
As per my understanding. Services provided by the director in his capacity as director to the company are covered under RCM notification.
Remuneration paid to director and that are covered under head of Salary are not subject to tax under RCM.
Remuneration which is declared separately other than salary and subjected to the TDS u/s 194J of IT Act, (fees for professional services) are treated as consideration and subject to tax under RCM in GST.
Now, Rent paid for renting of immovable property is not the supply of service in his capacity as a Director of the company. If Director is unregistered and his income from rent exceeds the threshold limit that requires a person to get registered, then Director must take the GST registration and charge GST on the Rent Invoices.
otherwise GST is not applicable.
rits
(Student CA Final )
(93 Points)
Replied 04 May 2023
CAclubindia
