Vikash (Article Assistant) (38 Points)
30 August 2014Hello,
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?
Gagan Deep Singh
(CHARTERED ACCOUNTANT)
(1190 Points)
Replied 03 September 2014
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.
CAclubindia
