Applicability of GST RCM on Professional Fees paid to Wholetime Director

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..... Respected Experts and Seniors, My Querry : Whole time Director of a Pvt Ltd Company taking Professional fees from the Company. Company Deducts TDS U/s. 194J of Income Tax Act . Wholetime Director is also Registered Under GST Act . Kindly Suggest 1. Whether GST is applicable on RCM basis to company or Forward Charge basis ? 2. Whether director is required to be registered under GST, if his other re .....

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..... ceipts (other than Above Professional Fees) is below Rs. 20 lakhs ? Thanking you in Advance. - Reply By Shilpi Jain - The Reply = 1. Whether GST is applicable on RCM basis to company or Forward Charge basis ? No RCM for the professional serivces. 2. Whether director is required to be registered under GST, if his other receipts (other than Above Professional Fees) is below Rs. 20 lakhs ? If other r .....

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..... eceipts + prof fees 20L then liable to register - Reply By Kalpesh Shah - The Reply = Thank you for the Reply Shilpi Madam. further Querry on the same point Company is Disclosing the Professional Fees under Managerial Remuneration. Then what will be the status of GST ? - Reply By Padmanathan KV - The Reply = What is the nature of service rendered by the director? - Reply By Kalpesh Shah - The Repl .....

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..... y = Dear Sir, Nature of Services rendered is Professional Services as a Technical Person. - Reply By Padmanathan KV - The Reply = In that case, I agree with the views of Shilpi Ma'am. - Reply By Kalpesh Shah - The Reply = Thank you for the Reply - Applicability of GST RCM on Professional Fees paid to Wholetime Director - Query Started By: - Kalpesh Shah Dated:- 9-8-2024 Last Replied Date:- 1 .....

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..... 2-8-2024 Goods and Services Tax - GST - Got 6 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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