Regarding tds on contractor

Page no : 3

CMA Poornima Madhava (CMA) (13097 Points)
Replied 30 June 2016

This is simple maths :)

ST on 125000 @ 14% = 17500
SBC on 125000 @ 0.5% = 625
Interest as applicable at rates specified from due date to date of payment. Since I don't have these dates, I can't calculate interest.

Sahil (NA) (159 Points)
Replied 30 June 2016

@ Poornima you have told earlier i have to make 50% payment of service tax???? and the date of payment is 15/03/2016

Abdul kareem Habiburrehman (Chartered Accountants) (26 Points)
Replied 30 June 2016

In case where Service and Material not shown Sepretly in bill then RCM will applicable or not

Satyarth Prakash Dwivedi (Deadpool) (43 Points)
Replied 30 June 2016

if contractor has deposited such qmount then interest and penalty can be avoided.

CMA Poornima Madhava (CMA) (13097 Points)
Replied 30 June 2016

Sorry, I forgot that point. You need to pay half of what I have mentioned.

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