rc on Director.png

Question 1

Suppose director Mukesh Ambani takes 100 lacs as Salary from Reliance Ltd and 50 lacs as Commission

Is RCM Applicable

Will Mr. Ambani have to take GST No?

View Answer

 

Learn in your speed, with individual attention - Teachoo Maths 1-on-1 Class


Transcript

Section 9(3) Reverse Charge on Director Legal Service Provided by Director of a Company to the Company located in Taxable Territory is covered in Reverse Charge Director Note 1)Normally it is applicable on Consultancy Charges, Professional Charges, Commission etc. 2)Charged by Director, rate applicable is 18% However as per Recent Decision of GST Advance Ruling, it is also applicable on Salary Any Service Company located in India Deposits GST teachoo.com

Ask a doubt
CA Maninder Singh's photo - Co-founder, Teachoo

Made by

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 13 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.