Tds
This query is : Resolved
30 August 2016
Dear Sir,
if invoice Amt Rs.6900/- (6000 + Service Tax@15% is 900).
which amt I will take for TDS duduction.
Thank You
if invoice Amt Rs.6900/- (6000 + Service Tax@15% is 900).
which amt I will take for TDS duduction.
Thank You
30 August 2016
Service Tax is not an income of the service provider, the service provider collects the service tax and he remits the same to the department. In view of the same TDS should not be deducted from the inclusive of service tax and should be deducted from the net value of the invoice.
Please refer Circular No. 1/2014 dt 13.01.2014, it clearly says that “ TDS is to be deducted on the amount of exclusive of service tax if the service tax amount shown separately in the invoice”
Please refer Circular No. 1/2014 dt 13.01.2014, it clearly says that “ TDS is to be deducted on the amount of exclusive of service tax if the service tax amount shown separately in the invoice”
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
- GST Regis.
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Gst input for FY 23-24
- Bogus purchase treatment for it act gst dealer
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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?
Trending Online Classes
CAclubindia
