GST | Non-Supplies Archives - Srinivasan V, Advocate

December 11, 2020December 12, 2020GST RulingsGST | Non-Supplies, GST Taxable Supply

Are Variable Payments to Whole Time Directors Liable to GST?

Whole-time directors were paid remuneration in the form of commission (based on percentage of profits). The Revenue demanded service tax on such variable pay. A whole-time director is one who is in full-time employment of the company, for which he is entitled to receive remuneration. Hence, it was held[1] by the Hon’ble CESTAT (Kolkata) that […]

April 16, 2019May 28, 2024GST PostsGST | Non-Supplies, GST Exempt Supply, GST Nil Rated Supply, GST Zero Rated Supply, Non-GST Supply

Exempt, Nil-Rated, Zero-Rated, Non-GST & Non-Supplies: Understanding the Differences

[Article published in the Salem Branch of SIRC of ICAI e-Newsletter, April 2019; Penned by CA. Srinivasan V and reviewed by CA. Saravana Prabhu] Although it has been more than one-and-half years since the GST law came into force, many users inter-changeably fill details relating to nil-rated supplies, exempt supplies, non-taxable supplies, transactions which are […]

Srinivasan V, Advocate

FCA, LL.B. (Hons.)

Tag: GST | Non-Supplies

Are Variable Payments to Whole Time Directors Liable to GST?

Exempt, Nil-Rated, Zero-Rated, Non-GST & Non-Supplies: Understanding the Differences