TDS Deduction on Service Tax

Page no : 2

Shyam Lal Naik (Service) (6156 Points)
Replied 03 August 2007

Dear Mr. Jagrut, The TDS should be deducted @ 10.3%. The rate of 11.33% is applicable only if the payment exceeds Rs. 10 lac per annum.

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CS MD Osman Akthar (Company Secretary & CA(Final)) (78 Points)
Replied 10 August 2007

Chand Bagaria can you host the complete details of EIRC issued by ICAI.

aca.chand.bagaria (Chartered accountant) (42 Points)
Replied 11 August 2007

i have read that in that EIRC newsletter, but at present i do not have that, and also not available on the ICAI site. But giving assurance that i will make paste of that circular for you ASAG

CA CS CIMA Prakash Somani (Landmark Group) (23502 Points)
Replied 13 August 2007

basic TDS rate on professional fees prior to 1.6.2007 was 5%. and tax free tds limit is 20,000 and not 1,00,000.

(Guest)

Please clarify whether TDS to be deducted on the service tax amount also when you receive the bill value with the service tax I want to document of notification from the department.

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(Guest)

tds deducted on service tax in case of Rent

(Guest)

IS TDS DEDUCTION ON SERVICE TAX APPLICABLE

(Guest)

IS TDS DEDUCTION ON SERVICE TAX APPLICABLE

CA S Sundararajan (CAO) (536 Points)
Replied 23 December 2007

Dear All, Tds has to be deducted on gross amt vide Cir No 715/08-08-1995(1995)215 ITR (ST)12

CA S Sundararajan (CAO) (536 Points)
Replied 23 December 2007

Dear All, Tds has to be deducted on gross amt vide Cir No 715/08-08-1995(1995)215 ITR (ST)12

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CA S Sundararajan (CAO) (536 Points)
Replied 23 December 2007

Dear All, TDS has to be deucted o n gross amt vide circular no 715/08-08-1995, (1995 )215 ITR (ST)12.

(Guest)

Can we deducte TDS on Gross amount of bill (inclusive of service tax i.e. Service amount 100 and Service Tax Rs. 12.36 so gross amount Rs. 112.36) on which amount we deduct tds Net Value Rs. 100 or Gross value Rs. 112.36

(Guest)

is set up and registration fees part of professional fees ?

Amit Sharma (article) (2677 Points)
Replied 21 March 2008

Yes , service tax should be include TDS in the invoice amount. Cheers

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Sandeep Aggarwal (Chartered Accountant) (57 Points)
Replied 21 March 2008

TDS is required to be deducted on the amount of expenditure booked in the books of accounts.There are two cases regarding deduction of TDS on service tax amount-:

a.If the company is taking claim of the service tax paid on input services under CENVAT CREDIT RULES. then in that case the expenditure booked in the books of company is net of Service tax amount. Hence TDS is required to be deducted only on the expenditure booked i.e net of service tax.

b. While in other case in which the company is not taking credit of service tax paid in that case the expenditure booked in the books of accounts is inclusive of service tax, in that case TDS is required to be deducted on the whole amount i.e inclusive of service tax.