Service Tax and TDS
This query is : Resolved
Jyothy Rathna B.
(Querist)
30 August 2010
Hi,
If i raise invoice for services of Rs.100000.00 and on this service tax will be Rs.10300.00 and total invoice value is Rs.110300.00
Our customers pay us after deducting 10% TDS on Rs.110300.00 and pay Rs.99270.00
On which amount i have to pay Service Tax whether on Rs.100000.00 or Rs.99270.00
If i raise invoice for services of Rs.100000.00 and on this service tax will be Rs.10300.00 and total invoice value is Rs.110300.00
Our customers pay us after deducting 10% TDS on Rs.110300.00 and pay Rs.99270.00
On which amount i have to pay Service Tax whether on Rs.100000.00 or Rs.99270.00
CMA Chandan Singh
(Expert)
30 August 2010
Rs 10300 i.e on Rs 1 Lakhs
30 August 2010
u should deduct service tax on Rs. 110300 ie the amount after service tax.
this holds good for all taxable services except rent
this holds good for all taxable services except rent
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