Dear Friends,
A company pays now (i.e., Dec 12) the Commission to the Whole Time Director and Non whole Time Directors.
As per the reverse charge mechanism the same is covered from 01/07/12.
In case, if the commission paid now is for the period pertains to 2010 -11 and 2011-12, what would be the impact.
Whether Service Tax is applicable now as per the Point of Taxation Rules for the earlier period.
Regards, R.Muthuraj