22 June 2016
Dear members
we have received services from Non resident on Jan 2016 and paid service tax (Reverse charge Mechanism) on Jan 2016.
We have paid tds in June 2016 after obtaining form 15CB. please let me know we need to pay interest on tds payment and also let me know the applicability of surcharge on the above.
22 June 2016
you have to deduct the tds when you books the bill in your books , you can deposit the tds with the intt of @1.5% per month from the month in which you deducted to deposit month.
CAclubindia
