TDS
This query is : Resolved
29 May 2009
We have to make a payment to Foreign Company towards technical fees to UK. The Gross amount is Rs. 100/ - and as per service tax act on Import of services 10.30 is payable as Service Tax to service tax department. And the net payment to vendor is excluding service tax i.e 89.70.
So on what amount TDS has to be deducted at source i.e. on Rs. 100/- or Rs. 89.70 ?
So on what amount TDS has to be deducted at source i.e. on Rs. 100/- or Rs. 89.70 ?
30 May 2009
Unless there is contract otherwise, it is the responsibility of the service importer to pay service tax from its sources on the value of taxable services. To my mind tax should be withheld on Rs. 100/- in both the cases.
30 May 2009
on Rs. 100/-
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