Tds deduction
This query is : Resolved
06 June 2014
We received the bill from road contractor with Service Tax & Vat. Now the problem is that as per the CBDT circular dated 13th Jan 2014 had been declared that TDS not to be deducted on Service Tax Portion. But in this case the Party Has charged the VAT on Basic+Service Tax also. Hence I want to know on which amt TDS is to be deducted.
Eg :-
Basic Amt 100
ST 12.36
Total 112.36
VAT @5%5.62
Grand Total : 117.98
Eg :-
Basic Amt 100
ST 12.36
Total 112.36
VAT @5%5.62
Grand Total : 117.98
06 June 2014
How in your case he is charging service Tax on VAT portion also
as it is double Taxation, certainly there is something which is not clear as there cannnot be double taxation in case of ST.
however From the Circular it is clear that TDS is not required on service Tax
therefore you can avoid ST for TDS calulation.
as it is double Taxation, certainly there is something which is not clear as there cannnot be double taxation in case of ST.
however From the Circular it is clear that TDS is not required on service Tax
therefore you can avoid ST for TDS calulation.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- TDS Claim year
- Relief u/s Section 89
- Rent lease agreement
- TDS Challan Code
- Merchant Export Accounting
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- Lease agreement and tax on sale
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
