Tds on advertisment
This query is : Resolved
03 June 2015
Advertisment charges =60000
Service tax @ 1.86% =1116
Total =61116
Less Discount@19%=11612
Net Amount= 49504
Which amount to be considered
for TDS?
Service tax @ 1.86% =1116
Total =61116
Less Discount@19%=11612
Net Amount= 49504
Which amount to be considered
for TDS?
03 June 2015
TDS to be deducted on amount excluding discount and Service Tax i.e., on Rs 48388/-.
03 June 2015
for the purpose of discount we will consider only Advertisment Exp. only. here discount given on service tax. amount that is wrong .
03 June 2015
Mr. Agarwal Sir,
The Net amount of Bill will be same whether discount given before S.T or after that. We will not be affected. If More S.T Charged, same amount will be given as discount and if Discount given before S.T then S.T will be charged on the reduced amount. Department may have problem in that case. I think S.T before Discount will be more safe than Discount before S.T.
Here My issue is only the amount to be considered for TDS calculation.
The Net amount of Bill will be same whether discount given before S.T or after that. We will not be affected. If More S.T Charged, same amount will be given as discount and if Discount given before S.T then S.T will be charged on the reduced amount. Department may have problem in that case. I think S.T before Discount will be more safe than Discount before S.T.
Here My issue is only the amount to be considered for TDS calculation.
03 June 2015
As stated earlier TDS to be deducted on amount excluding Service Tax and Discount.
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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- TDS AND ITR ISSUE
- EXPORT COMMERCIAL INVOICE HSN CODE
- Bank details not Visible on Traces Portal
- Non-Compliance documents have not been submitted by the contractors debited
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
