https://www.taxtmi.com/article/detailed?id=1868 Services provided by non-employee company directors for board or committee participation, remunerated as sitting fees, commission, bonuses, profit shares or similar benefits, are taxable under the post negative list service tax regime and the liability to pay is shifted to the recipient company under the reverse charge mechanism. Whole time or employed directors are excluded. Companies and exigible directors must register for service tax; companies may claim Cenvat credit for tax paid subject to Cenvat Credit Rules and allocation; place of provision rules and characterization of nominee or government appointed directors affect tax treatment. en-us Sat, 25 Aug 2012 06:18:03 +0530 Sat, 25 Aug 2012 06:18:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1868 Services provided by non-employee company directors for board or committee participation, remunerated as sitting fees, commission, bonuses, profit shares or similar benefits, are taxable under the post negative list service tax regime and the liability to pay is shifted to the recipient company under the reverse charge mechanism. Whole time or employed directors are excluded. Companies and exigible directors must register for service tax; companies may claim Cenvat credit for tax paid subject to Cenvat Credit Rules and allocation; place of provision rules and characterization of nominee or government appointed directors affect tax treatment. Articles Service Tax Sat, 25 Aug 2012 06:18:03 +0530 https://www.taxtmi.com/article/detailed?id=1868