Services provided by a director of a company or body corporate - Service Tax Practice Manual / Ready Reckoner - Service Tax

Sr. No. 5A Services provided by a director of a company or body corporate Substituted vide Notification No.10/2014-Service Tax, dated 11th July, 2014 Scope of Reverse Charge Service - ( Notification No. 30/2012- Service Tax, Part (II) Table Sl. No.5A ) From 7-8-2012 to 10.7.2014 - Notification No. 45/2012 - Service Tax, Dated 07/08/2012 Services provided or agreed to be provided in respect of services provided or agreed to be provided by a director of a company to the said company From 11.7.2014 - Notification No.10/2014-Service Tax, Dated 11/7/2014 Services provided or agreed to be provided in respect of services provided or agreed to be provided by a director of a company or a body corporate to the said company or the body corporate Liability on:- Service Provider Service Recipient % of tax Nil 100% Meanings and Definitions: Rule 2 (bc) of Service Tax Rules, 1994, body corporate has the meaning assigned to it in clause (7) of section 2 of the Companies Act, 1956 (1 of 1956); Clause (7) of section 2 of the Companies Act, 1956 (1 of 1956) . - Body corporate or corporation includes a company incorporated outside India but does not include- (a) a corporation sole; (b) a co- operative society registered under any law relating to co- operative societies; and (c) any other body corporate (not being a company as defined in this Act) which the Central Government may, by notification in the Official Gazette, specify in this behalf.