TDS deducted under 194H/194C gross amount inculing Service tax or excluding Service tax?
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Tds on gross amout (including service tax)or net
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| Originally posted by : Hitesh | ||
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TDS deducted under 194H/194C gross amount inculing Service tax or excluding Service tax? |  |
TDS shall be deducted excluding service tax.
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CBDT has clarified that wherever in terms of the agreement/contract between the payer and the payee, the service tax component comprised in the amount payable to a resident is indicated separately, tax shall be deducted at source under Chapter XVII-B of the Act on the amount paid/payable without including such service tax component.
-- Circular No. 01/2014, dated 13.01.2014.
Wherever in case of service tax applied TDs to be deducted on net amount I.e. excluding service tax and wherever vat/sale tax imposed TDs to be deducted on gross amount
So far as I understand VST Sales Tax is not on services!!
Tds is deducted on net amount means excluding service tax
Yes as tds should be deducted excluding service tax amount.
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