CBIC clarifies GST levy on directors remuneration ; TDS treatment u/s 192/194J to determine taxability/exemption

To put the controversy over GST levy on directors remuneration to rest, CBIC issues detailed clarification in this regard, stating that while payment to Independent directors will attract GST levy, any payment to a director in the course of employer-employee relationship and which is treated as “salaries” in the books of accounts and on which TDS is deducted u/s 192 of Income tax Act, shall not be taxable ; However CBIC adds that the part of payment to Director, which is ...