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Whether tds has to be deducted on declared services

elangovan (Tax and Financial Advisory) (217 Points)

02 June 2016

i have a doubt whether TDS has to be deducted on declared service of outdoor catering/hotel accomodation/bundled services etc, if yes then whether it has to be deducted on the Bill Value or only on the Invoice Value?

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2 Replies

Ruchi (CA) (1410 Points)
Replied 02 June 2016

Yes, tds has to be deducted u/s 194c for such services.

Whats the difference between bill value and invoice value??

Karthik Kumar N (Asst Manager Finance & Accounts) (81 Points)
Replied 27 June 2016

TDS should be deduct only on service providers taxable service or income ... I.e by excluding credit taking portion....I.e service tax credit there is separate notification on this....I too have doubts what is bill value & invoice value