Tds on invoice amount

Page no : 3

punit (CA final) (290 Points)
Replied 03 October 2012

hey Pooja..Tds should be dedcut on 4000..onlu in Case of Rent -tds dedcuted on less service tax amount...-CA.Punit Garg

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siva durga prasad (Internal Auditor ) (34 Points)
Replied 03 October 2012

tds is only deduted in credit amt basis .

suppose one example .

audit fees payable .

audit fees ................................100000

Service tax payable ............... 12360

to Tds payable 11236

to name of party .............................. 101124

Suppose consultancy charges paid to lawer .

consultancy charges .......................100000

service tax payable .........................12360

to tds payable ................................. 10000

to service tax recevible payable 12360

to name of party 90000

tds only deducted on credit basis

1 Like

Shyam Jandhyala (Principal) (21 Points)
Replied 19 October 2012

Further to this, I request guidance where reverse charge service tax is applicable, will the TDS be deducted only on the provider's share of service tax or on the total service tax? E.g: for manpower supply contract, if invoice is Rs 10000,00 and the provider needs to charge service tax on 25% (without abatement) , should we deduct TDS on 10309.00 or 11236.00?

Thanks in advace...