Applicability of GST RCM on Professional Fees paid to Wholetime Director

Applicability of GST RCM on Professional Fees paid to Wholetime Director https://www.taxtmi.com/forum/issue?id=119252 Where a whole-time director renders professional services to the company, those services are taxable under the normal charging framework and reverse charge mechanism does not apply; the director as supplier must charge GST. Labeling the payment as managerial remuneration does not change the GST character. Registration is required if the director's aggregate taxable supplies, including the professional fees, exceed the statutory registration threshold, and TDS under income tax does not affect GST liability. en-us Fri, 09 Aug 2024 19:41:10 +0530 Fri, 24 Jan 2025 10:40:20 +0530 TaxTMI RSS Generator Applicability of GST RCM on Professional Fees paid to Wholetime Director https://www.taxtmi.com/forum/issue?id=119252 Where a whole-time director renders professional services to the company, those services are taxable under the normal charging framework and reverse charge mechanism does not apply; the director as supplier must charge GST. Labeling the payment as managerial remuneration does not change the GST character. Registration is required if the director's aggregate taxable supplies, including the professional fees, exceed the statutory registration threshold, and TDS under income tax does not affect GST liability. Discussion-Forum GST Fri, 09 Aug 2024 19:41:10 +0530 https://www.taxtmi.com/forum/issue?id=119252