Commission on sale
This query is : Resolved
Ritu Bangari
(Querist)
19 April 2014
Dear All,
Que. Related to service tax ( Business Auxiliary )
Eg. We give commission to Party of
Rs.28081 service tax is included(i.e.12.36%).
We deduct TDS @ 10% on Commission.Rs. 2808
Pay the rest of amount to party i.e. Rs. 25273.
I want to know how we pass entry in Tally. Are we liable to pay service Tax?
Give any Info. related to this.Any Form that should be submit to Department.
Thnx
Que. Related to service tax ( Business Auxiliary )
Eg. We give commission to Party of
Rs.28081 service tax is included(i.e.12.36%).
We deduct TDS @ 10% on Commission.Rs. 2808
Pay the rest of amount to party i.e. Rs. 25273.
I want to know how we pass entry in Tally. Are we liable to pay service Tax?
Give any Info. related to this.Any Form that should be submit to Department.
Thnx
Sandeep Dharar
(Expert)
19 April 2014
Yes If u r deducting ST then u must pay it to the Dept. And Y r u deducting TDS on 28081/-. It should b on gross amount exclusive of ST. And ST will also on gross amt.
Ritu Bangari
(Querist)
19 April 2014
ST is included in Gross Amount , means Commission amount is 24992
St@12%- 2999.09
Edu Cess@2%- 59.98
Sec. Cess@1%- 29.99
Total amt is Rs. 28081
After deducting TDS @10% rs. 2808
We paid 25273/-
St@12%- 2999.09
Edu Cess@2%- 59.98
Sec. Cess@1%- 29.99
Total amt is Rs. 28081
After deducting TDS @10% rs. 2808
We paid 25273/-
Sandeep Dharar
(Expert)
19 April 2014
That's me saying u should exclude ST from that amount:-
That means u should deduct TDS on 24992/- n not on 28081/-.
That means u should deduct TDS on 24992/- n not on 28081/-.
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