As per S.No 6 of the said notification, a company or a body corporate located in the taxable territory is liable to pay GST on RCM basis on services received from its directors. Common understanding of GST applicability under RCM on Director's Remuneration: Services supplied by the director ...
For further understanding of taxability on RCM basis- read our detailed FAQs here- http://vinodkothari.com/2017/08/faqs-on-gst-on-directors-remuneration/#_ftn3 Levy of GST on Director’s Remuneration As discussed above, the focal point of issued in GST on director’s remuneration is that ...
As per GST Law, aggregate turnover does not include value of supplies on which tax is levied on reverse charge basis, and value of inward supplies. This post explains about categories included under GST and categories excluded under GST in India. If you would like to add more information abo...
If the sale was a single supply for Division 75 purposes, then any improvement on any one of the lots would be sufficient to take the supply of all of the land outside of the exception provided by Item 4; any improvement on one lot would ‘taint’ all of the lots – in this context...
To illustrate the relevance of the remuneration amount, consider a court official vetting an AI translation of the Puttaswamy judgment on the Right to Privacy. Since the judgment is 567 pages long, the official would receive Rs 56,700 for the vetting process. ...
The Minister acknowledged the important role played by share-based remuneration. An independent review of this area was commissioned, and the report was published on 1 October. The Minister will consider its recommendations. Agri-Sector The Minister announced a number of measures which will benefit ...
As on the 12th June 2020, almost after two months of lockdown due to Covid-19, the GST Council is now planning to hold its 40th GST Council meeting.