Service by nri

345 views 1 replies

Vikash

Article Assistant

38 Points Joined January 2014

Hello,

Can someone please clarify me whether service rendered by a Director who is an NRI, to the resident company in which he is the director taxable under reverse charge mechanism? If so, how to value the service, if he is providing the service free of cost?

Replies (1)

Gagan Deep Singh

CHARTERED ACCOUNTANT

1190 Points Joined October 2012

Service tax is not levied on free services. If u r not paying consideration to director in any form then ST is not applicable. Director must be non-executive director.