CBIC settles controversy over imposition of GST on directors' income

The Central Board of Indirect Taxes and Customs (CBIC) on Wednesday clarified that remuneration to directors — whatever name they are referred to as ( independent directors  or whole time directors) — would attract goods and services tax (GST) in case they are not employees of the concerned companies.  GST  will be imposed on them on a reverse charge mechanism (RCM). This way, …