23 August 2014
Hello Everyone I would like to ask a question that is tds is be deducted on invoice value or basic value. For ex. if value of services=100000 service tax @12.36% =12360 total =112360
Than tds on which amount to be deducted whether on 100000 or 112360. Please give a detail answer with some reference of case studies.
23 August 2014
TDS should be deducted on Basic value i.e. before service tax. as per notification issued on 13th January 2014, TDS is not to be deducted on Service Tax portion.
CAclubindia
