11 February 2014
No tds on service tax component: After reading the new notification dated 13-01-2014, I have a doubdt as whether it applicable to sec 194J alone of the act or applicable to all sections i.e. 192 to 195???
Our one service provider has opted for VECS scheme and so he has charged service tax for F.Y. 2011-12, 2012-13 and of current yr till date now my ques. is whether the Service Tax pertaining to previous yr will be treated as prior period item ..as per my understanding it should not be treated as prior period since he has not charged in the previous yr so there is no error.
CAclubindia
