Tds on service tax under reverse mechnism
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 July 2012
Recently notification 30/2012 has been issued for applicability of reverse charge under service tax w.e.f. 01.07.2012. Whether tds u/s 194C will be applicable on service tax portion of service receiver for which service provider is not responsible? Relevent reference may be given pl.
25 July 2012
as per amendment changes only service tax, there is no change in TDS deduction under income tax. so need to deduct TDS inclusive of service tax only.
25 July 2012
In case of reverse charge method TDS should be deducted on the amount payable or paid to the service provider inclusive of service tax borne by service provider to extent specified under said notification 30/2012 .
If 100% service tax payable by the service recipient (Ex. transport of goods by road and payment to lawyers etc.)then no need to include the same.
In case of reverse charge, service receiver directly remit the service tax to the government with out paying the same to the service provider.
If 100% service tax payable by the service recipient (Ex. transport of goods by road and payment to lawyers etc.)then no need to include the same.
In case of reverse charge, service receiver directly remit the service tax to the government with out paying the same to the service provider.
25 July 2012
In my opinion TDS should be deducted on amount inclusive of service tax, because service provider would either include service tax and then deduct Sr Tax payable by SR or would mention the Service tax payable by SR, in the invoice.
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