TDS on Bills inclusive of service tax
This query is : Resolved
kumar vikas jain
(Querist)
04 March 2008
Dear sirs, first of all thanks for your guidance on my query u/s 269SS.
now there is another problem I am facing regarding TDS on bills inclusive of service tax. Since I am availing credit of service tax so I pass the entry of service tax in input credit account so in expenditure side i only book the net figure( escluding service tax). so the issue is that for diallowing of expenses i have deductred tax on the expense which is coming in p&l a/c but service tax which is claimed as input service tax i have not deducted any service tax. please guide me.
now there is another problem I am facing regarding TDS on bills inclusive of service tax. Since I am availing credit of service tax so I pass the entry of service tax in input credit account so in expenditure side i only book the net figure( escluding service tax). so the issue is that for diallowing of expenses i have deductred tax on the expense which is coming in p&l a/c but service tax which is claimed as input service tax i have not deducted any service tax. please guide me.
CA Praveen Chopra
(Expert)
04 March 2008
Dear Vikas,TDS is always deducted from the whole amount including service tax whether u have taken credit of service tax or not.
04 March 2008
TDS IS DEDUCTED FROM THER AMOUNT INCLUSIVE OF SERVICE TAX
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