Dear Sir/Mam, 1) Whether company is required to pay GST under RCM on sitting fees paid to Directors who are employees of the co. (like M.D., WTD ) ??
2) If a director provides Renting of immovable property service also, then whether co. is required to pay GST under RCM on Renting service also @ 18% ??
Frah Saeed Answered question June 11, 2020
- Payment to full time / executive director booked as salary is not subject to GST. Thus no RCM. Pl refer to our article on latest CBIC Circular in this regard published yesterday.
- No RCM. As it is applicable only on services rendered in capacity as a Director.
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Frah Saeed Answered question June 11, 2020