RESPECTED ALL,
ON WHICH AMOUNT T.D.S. SHOULD BE DEDUCTED WHEN PARTIAL REVERSE CHARGE MECHANISM IS APPLICABLE AND 25% SERVICE TAX IS PAID BY SERVICE PROVIDER.WHETHER T.D.S. SHOULD BE DEDUCTED ON INCLUSIVE AMOUNT OF SERVICE TAX OR EXCLUSIVE AMOUNT?
3 Replies
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 20 November 2013
The service receiver will deduct tax at source on amount including 25% service tax paid to provider.
Thanks,
kumar hattanna
(Officer - Excise)
(525 Points)
Replied 21 November 2013
TDS need to be deducted from the total value of Invoice.
Manoj Agarwal
(Service Tax Consultant Rourkela ServiceTaxExpert@yahoo.com)
(3456 Points)
Replied 21 November 2013
Say Manpower Service Value = 100.00
Service Tax on 25% of Value = 3.09
Total Invoice Value = 103.09
TDS should be deducted on Rs. 103.09 @ 1% or 2% u/s 194C as the case may be, by the service receipient company from the Invoice of Individual/Partnership Firm/HUF/AOP.
Service Tax on 75% Value = Rs. 9.27 should be directly paid to the credit of government vide GAR-7 Challan by the company.
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