Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 April 2015
Prof Fees ------ Dr 200000
Service tax Set off----- Dr-24720
Tds pn Prof Fees ----- Cr 14380
To A Ltd -----Cr 210340
In above case tds deducted @7.19% as we have recd Lower deduction certificate from the party . As per Certificate limit is Rs. 200000/- & rate is 7.19%
So while applying lower rate , what limit is to be consider Prof Fees excluding ST or including ST ???
Service tax Set off----- Dr-24720
Tds pn Prof Fees ----- Cr 14380
To A Ltd -----Cr 210340
In above case tds deducted @7.19% as we have recd Lower deduction certificate from the party . As per Certificate limit is Rs. 200000/- & rate is 7.19%
So while applying lower rate , what limit is to be consider Prof Fees excluding ST or including ST ???
22 April 2015
it should b excluding ST...
What line is written in the certificate.... like payment upto or bill amount upto
Stil wait for some more expert comments
What line is written in the certificate.... like payment upto or bill amount upto
Stil wait for some more expert comments
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 April 2015
payment or credit the amount to the extent of Rs. 200000
22 April 2015
It should be amount excluding Service Tax.
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