Tds implication
This query is : Resolved
23 November 2015
Sir
WE Have received a Professional Fee Bill of Below mentioned Amount :-
Professioanl Charges 50000
Service Tx 7000
Swachh Bharat Cess 250
Now i have few Queries
1. Tds is to be deducted on which amount
2. We claim Cenvat Credit of Service Tax being paid How much Cenvat Credit will be available 7000 or 7250
3.How to treat Swach Bharat Cess amount of 250 9n books
Whether i should debit Professional Charges with 50250
and cenvat credit with 7000 supposing cenvat credit on swachh bharat cess is not available
Your early reply will be highly appreciated
Regards
Dheeraj Kumar
WE Have received a Professional Fee Bill of Below mentioned Amount :-
Professioanl Charges 50000
Service Tx 7000
Swachh Bharat Cess 250
Now i have few Queries
1. Tds is to be deducted on which amount
2. We claim Cenvat Credit of Service Tax being paid How much Cenvat Credit will be available 7000 or 7250
3.How to treat Swach Bharat Cess amount of 250 9n books
Whether i should debit Professional Charges with 50250
and cenvat credit with 7000 supposing cenvat credit on swachh bharat cess is not available
Your early reply will be highly appreciated
Regards
Dheeraj Kumar
23 November 2015
1 TDS is to be deducted on 50000 only.
2 Cenvat credit will be available for 7000.
3 Treat it as expense.
Yes you have to debit professional charges as 50250.
2 Cenvat credit will be available for 7000.
3 Treat it as expense.
Yes you have to debit professional charges as 50250.
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