gstondirectorremuneration Archives

Circular No. 140/10/2020 | Most controversial topic of the year in GST Clarified |Levy of GST on Director’s Remuneration

Relevant Provisions Schedule III of the CGST Act, 2017 contains activities or transactions which shall neither be treated as supply of goods nor a supply of services Entry No. 1 of the same schedule has been mentioned below for reference “Services by an employee to…

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June 10, 2020

Reverse Charge Mechanism

RCM on Director Services

RCM on services of Directors Section 7 of the CGST Act provides an inclusive definition of supply that includes all forms of supply of goods or services or both such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to…

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May 1, 2020

Advance Rulings / Reverse Charge Mechanism

Remuneration paid to directors to attract GST, says AAR | GST Reverse Charge

Companies will have to pay GST on the remuneration they dole out to directors, the Authority for Advance Ruling (AAR) has said. In an application filed before the Rajasthan bench of the AAR, Clay Craft India Pvt Ltd had sought clarification on whether salaries…

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April 8, 2020