Tds on advertisment
This query is : Resolved
DEVENDER THAKUR
(Querist)
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/-.
CA Shyam Agarwal
(Expert)
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 .
DEVENDER THAKUR
(Querist)
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.
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