Deduction of tds in case of reverse mechanism of service tax
This query is : Resolved
19 April 2013
I am confused with the deduction of TDS in case of reverse mechanism of service tax. I want to know that,on what amount i.e. the gross amount including 100% service tax OR the amount including the service tax which is to be paid by service provider in case of reverse mechanism, TDS will BE deducted.A numeric Example is Given Below:-
ALT-1
Taxable Service-10,000
Add S.T.@12.36%- 1236
Total -11,236
Less TDS@2% -224.72
ALT-2
Taxable Service-10,000
Add 25% of
S.T.@12.36%
(Manpower Services)-309
Total -10309
Less TDS@2% -206.18
Whichone is correct,Please tell me
ALT-1
Taxable Service-10,000
Add S.T.@12.36%- 1236
Total -11,236
Less TDS@2% -224.72
ALT-2
Taxable Service-10,000
Add 25% of
S.T.@12.36%
(Manpower Services)-309
Total -10309
Less TDS@2% -206.18
Whichone is correct,Please tell me
20 April 2013
TDS is to be deducted on Gross amount payable to person
If ST @ 25% payable to service provider then TDS is to be deducted as per Alternate 2.
If ST @ 25% payable to service provider then TDS is to be deducted as per Alternate 2.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Offsetting interest income against derivative trading losses
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
