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Tds query

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(Querist)
29 October 2013 under partial reverse charge mechanism on which amount I.e on service provider amount or service receiver amount tds liabilty is to be calculated.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
29 October 2013 Service Provider amount. i.e., the amount of Bill raised.
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CA.Krupa Mochi

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CA.Krupa Mochi (Expert)
29 October 2013 On service provider amount plus ST (ST which is portion of provider's liability)

e.g. For Car Hire:
Bill - 10000; ST not charged in bill; service receiver calculated 10000 x 40%=4000, now 4000x12.36% = 494;

TDS =(10000+494) x 2% or 1%

Hope it's clear to you....
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
29 October 2013 TDS on Rs 10000 @2%

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