Reverse charge
Querist : Anonymous
Eg:
payment due:100
service charge:10.3
TDS: 20%(110.3)=22.06
Net Amount to be paid to the party is Rs. 77.94 or Rs. 88.24 ?
1. Rs. 10.30 to be deposited to service tax department.
2. Rs. 22.06 to be deposited to Income tax department.
3. Balance i.e., rs.77.94 (110.30-10.30-22.06) to be paid to foreign party.
Querist : Anonymous
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