remuneration to directors comes under rcm under GST BUT WHAT IF DIRECTOR RECIEVING COMMISSION HAVE GST NO. THEN?
WHEATHER RCM WOULD BE APPLICABLE UNDER THAT CASE?
4 Replies
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 14 April 2021
Any service provided by director in the capacity of director to the company comes under RCM regardless whether he is registered or not.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 14 April 2021
The services provided by a non-executive director to the company is subject to GST and will fall under the reverse charge mechanism of GST irrespective of commision
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 15 April 2021
No .... remuneration paid to whole te director does not cover under RCM .it's cover Under Schedule III of CGST Act
Yes if any Remumration or commission is paid to independent director (define u/s149(6) company Act ) RCM is applicable in term of Notification 13/2017 CT (r)
Note : Kindly Refer Circular 140/10/2020 GST for complete explanation on above .
Yes if any Remumration or commission is paid to independent director (define u/s149(6) company Act ) RCM is applicable in term of Notification 13/2017 CT (r)
Note : Kindly Refer Circular 140/10/2020 GST for complete explanation on above .
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
