DEDUCTION IN THE REPAIR & Maintenence
This query is : Resolved
28 December 2009
We have provided company to capital goods as well as services also. we have doing the business of air conditioner. In the Service business we have also given to contract in the sub contractor. The Problem is that sub contractor have not any service tax no. In the Sub contractor we have paying almost 60 to 70 % of gross amount received from clients. so please resolved my query
about following points :
1. if any abatement or deduction is available in the repair & maintenance services?
2. we have paying the sub contractor amount are deductible in the gross service amount received from clients?
about following points :
1. if any abatement or deduction is available in the repair & maintenance services?
2. we have paying the sub contractor amount are deductible in the gross service amount received from clients?
28 December 2009
In concern of Capital goods its a matter of VAT/CST/etc.
but about your service tax matter ,If you are giving service so you have take service tax no. after you cross 9 laks in any f.y. its for your but u/s 194C about contract your party if payment is exceeds rs. 20,000/- they deduct tax and if acurral of 50,000/- in f.y. so tds deducted @ 1% if you are Ind/Huf and subcontract rate are also same as yours.and that you have to deduct from your subcontractor as above limit.
but about your service tax matter ,If you are giving service so you have take service tax no. after you cross 9 laks in any f.y. its for your but u/s 194C about contract your party if payment is exceeds rs. 20,000/- they deduct tax and if acurral of 50,000/- in f.y. so tds deducted @ 1% if you are Ind/Huf and subcontract rate are also same as yours.and that you have to deduct from your subcontractor as above limit.
28 December 2009
Service tax return has to be filed in its format even if NIL.
TDS certificate (16A) of Deduction you have to collect from your party/company and you have to give to your subconractor on his/her PAN.
and return also have to file even NIL every quarter.
TDS certificate (16A) of Deduction you have to collect from your party/company and you have to give to your subconractor on his/her PAN.
and return also have to file even NIL every quarter.
28 December 2009
agree
29 December 2009
THANKS MURTUZA BUT MY QUERY ABOUT WE HAVE PAYING ACTUAL AMOUNT TO SUBCONTRACTOR. SO, SUBCONTRACTOR PAID AMOUNT DEDUCTED IN THE GROSS AMOUNT FROM RECEIVED OUR CLIENTS IN THE SERVICE TAX
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Copyright software
- SFT Cash Deposit in Current Account
- Regarding TDS Applicability For Director Remuneration
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
