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    <title>Applicability of RCM on Director Remuneration -Version 3</title>
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    <description>Conflict exists over GST under the reverse charge mechanism on director remuneration: remuneration to non employee or independent directors is taxable and payable by the company on reverse charge; amounts recorded and treated as salaries for employee directors are outside GST under Schedule III, while any separately declared fees subject to professional/technical TDS are taxable to the company under reverse charge. The administrative clarification narrows employee salary exemption but raises uncertainty about other services supplied by directors, prompting companies to consider paying GST under reverse charge on non salary director payments and preserving evidence of employment status.</description>
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    <pubDate>Sat, 13 Jun 2020 09:43:59 +0530</pubDate>
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      <title>Applicability of RCM on Director Remuneration -Version 3</title>
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      <description>Conflict exists over GST under the reverse charge mechanism on director remuneration: remuneration to non employee or independent directors is taxable and payable by the company on reverse charge; amounts recorded and treated as salaries for employee directors are outside GST under Schedule III, while any separately declared fees subject to professional/technical TDS are taxable to the company under reverse charge. The administrative clarification narrows employee salary exemption but raises uncertainty about other services supplied by directors, prompting companies to consider paying GST under reverse charge on non salary director payments and preserving evidence of employment status.</description>
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      <pubDate>Sat, 13 Jun 2020 09:43:59 +0530</pubDate>
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