Service tax on tds amount
This query is : Resolved
20 November 2013
hello,Everyone
I have a query, whether service tax is to be deducted on tds amount.
For Ex : Advance Received for service to be provided Rs 100 tds deducted Rs 10
so whether on this 10 service tax is applicable ; if yes then when ....? whether on reflection in 26 as or at the time of advance received ??
20 November 2013
Service tax is applicable on gross amount i.e on Rs.100/- in the above case.
In case of advance received towards service to be provided in future, then service tax on the advance amount to be calculated and paid to the department before 5th(in case of online payment 6th) of the following month in which advance amount received.
For e.g Advance Rs.100/-(Net received Rs.90 and TDS is Rs.10/-) received on 10.11.2013 then Service tax of Rs.12.36/- (12.36% on 100)is to be paid to the department on or before 6.12.2013 / 05.12.2013 as applicable.
In case of advance received towards service to be provided in future, then service tax on the advance amount to be calculated and paid to the department before 5th(in case of online payment 6th) of the following month in which advance amount received.
For e.g Advance Rs.100/-(Net received Rs.90 and TDS is Rs.10/-) received on 10.11.2013 then Service tax of Rs.12.36/- (12.36% on 100)is to be paid to the department on or before 6.12.2013 / 05.12.2013 as applicable.
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
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- 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?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
