27 January 2017
we have deducted TDS on include of service Tax. from starting Apr-16 to till date of all bills(which applicable bills) today we came to know before service tax should be deducted.
We have deducted and paid to govt,
also In E-returns showned even though issued form 16 for Q1 and Q2 to all vendors ,
in Audit they found us what to do know Need help on this.....
27 January 2017
No need to worry the excess deduction is only a meagre amount gone to the credit of deductee which can be adjusted in their tax payment. Take care in future deductions. No problem.
28 January 2017
You have deducted Excess to the extent of Service Tax amount, Excess deduction and remittances not an issue but follow the rules in future as informed by fellow expert .
CAclubindia
