calculation invoices
This query is : Resolved
25 October 2007
Dear friends,
For the calculating TDS on the services,
Whether TDS should be calculated on the invoice amount i.e. (fees + service tax) or only fees amount i.e. not on service tax amount?
IF we are calculating on the invoice then there is tax on service tax it is correct ?
Thanking you
sachin
For the calculating TDS on the services,
Whether TDS should be calculated on the invoice amount i.e. (fees + service tax) or only fees amount i.e. not on service tax amount?
IF we are calculating on the invoice then there is tax on service tax it is correct ?
Thanking you
sachin
25 October 2007
Yes you are correct, TDS should be on Full value of invoice,
both of the taxes are separate so there is no tax on tax.
both of the taxes are separate so there is no tax on tax.
25 October 2007
As for TDS is concerned that is for the gross amount of the bill.( inclusive of Excise duty,sales tax,service tax etc).
If the bill includes services tax, then TDS is for the invoice amount including the service tax.
If the bill includes services tax, then TDS is for the invoice amount including the service tax.
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