TDS AND SERVICE TAX
This query is : Resolved
04 July 2009
One manufacturing co. Deduct TDS on FRIGHT u/s 194C ie they deduct TDS as a contractor.But after this (on that fright) they also pay service tax as service provide by them but not recover service tax from the service receiver.They pay service tax from own fund. i ask about from the co. but they tell me that they pay service tax if there fright amount is exceed Rs 1500/-@2.575%.Any one tell about, is it possible. And also me about Provision summary.
Thanks in Advance.
Thanks in Advance.
CA. B.SRINIVASULU
(Expert)
04 July 2009
For service on Goods Transport Agency you can pay service tax by claiming abatement at 75% and only on balnce 25% you have to pay service tax. Your company has chosen that method of paying service tax. The same has to be paid seperately.
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