Tds

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Nitesh (Querist)
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20 October 2012 Hi to all...
If a manufacturing company whose turnover is 100 crore gives some services of Rs. 400000/- to foreign country's agent for registration of some product in that countries and getting some payment from the agent then is there any liability of a company to deduct TDS and service Tax....

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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21 October 2012 The company has PROVIDED the service and it has RECEIVED the payment.

TDS is to be deducted when PAYMENT is made to another person.

So TDS provisions are not applicable.

If the total receipt from providing services does not exceed Rs. 10 lakhs, then the company is not liable to pay service tax.

Nitesh

Nitesh (Querist)
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22 October 2012 is it applicable in case of Export....

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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20 November 2012 In case of export? Please provide details.

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