Difference between Service Tax & TDS
This query is : Resolved
29 May 2010
Dear Experts,
Please explain me, what is Service Tax & TDS. I know service tax is 10.3% and what is the TDS percentage for services.
When we are raising invoice for services, we are charging 10.3% service tax from the customer. But customer are deducting TDS(Don't know how many %) and paying some amount. They are not paying service tax also. Hence please explain, if customers provide us TDS certificate, then they don't need to pay Service tax & TDS?
Kindly clarify.
Please explain me, what is Service Tax & TDS. I know service tax is 10.3% and what is the TDS percentage for services.
When we are raising invoice for services, we are charging 10.3% service tax from the customer. But customer are deducting TDS(Don't know how many %) and paying some amount. They are not paying service tax also. Hence please explain, if customers provide us TDS certificate, then they don't need to pay Service tax & TDS?
Kindly clarify.
29 May 2010
The rate of TDS differs for different types of services. For contract for carrying out any work, it is 1 or 2%, For professional or Technical Fee, it is 10%, for commission or Brokerage, it is 5% etc.
There is no provision for withholding Service Tax. Your customers are supposed to pay it.
So far TDS is concerned, your customers shall issue TDS certificates in liue of the payment.
There is no provision for withholding Service Tax. Your customers are supposed to pay it.
So far TDS is concerned, your customers shall issue TDS certificates in liue of the payment.
29 May 2010
If you are providing Technical services then customer will deduct TDS @ 10% or if you are raising maintenance contract invoice then customer will deduct TDS @ 2%
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
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Short Term Capital gain on shares bought and sold after 2018 onwards
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Share accounting-->fifo - capital gain - period as per fifo?
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
