Tds on comission
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 October 2012
CO SELLING PRODUCT ON ANOTHER WEBSITE....FOR EXAMPLE ON E-BAY WEBSITE........PRODUCT SOLD...EBAY WEBSITE PAID AMT....AFTER DEDUCTING THEIR COMISSION & TRANSACTION CHGS ....RAISE INVOICE WITH SER TAX.....
MY QUE.......AFTER DEDUCTING THEIR COMISSION ...WE RECD AMT.....ON WHICH ...WHO IS LIABLE TO DEDUCT TDS.?????
SECOND QUE.....ON TRANSACTION FEES.....THEY CHGS SER-TAX.....ON WHICH TDS LIABLE.....WHOSE RESPONSIBILITES....
AS ON BOTH ABOVE CASES.....WE RECD AMT...AFTER DEDUCTING...THIER COMMISSION & OTHER CHGS.....
HOW WE DEDUCT TDS......THEY WILL NOT REFUND US...????
MY QUE.......AFTER DEDUCTING THEIR COMISSION ...WE RECD AMT.....ON WHICH ...WHO IS LIABLE TO DEDUCT TDS.?????
SECOND QUE.....ON TRANSACTION FEES.....THEY CHGS SER-TAX.....ON WHICH TDS LIABLE.....WHOSE RESPONSIBILITES....
AS ON BOTH ABOVE CASES.....WE RECD AMT...AFTER DEDUCTING...THIER COMMISSION & OTHER CHGS.....
HOW WE DEDUCT TDS......THEY WILL NOT REFUND US...????
CA Pooja Agarwal
(Expert)
30 October 2012
you are laible to deduct tds..you have to gross up the amount ..you have to bear the tax on ur own..for example u paid rs..100 to them and tds rate is 10%..the gross amt is 100*100/90
Message likes :
1 times
11 November 2012
Pooja is correct but the actual problem is the company receives net payment which does not include TDS nor they get any bill after charging service tax.
The option available is let the company send the debit note and call for payment made for tDS and take the credit for service tax accordingly.
It is important to note the clauses in the agreement with e-bay. If there your company has agreed to bear the cost of TDS then your company will have to bear it and pass on the credit to E-bay. There is nothing impossible to talk with ebay for TDS amount I think they will agree and they will also give you bill after charging service tax.
The option available is let the company send the debit note and call for payment made for tDS and take the credit for service tax accordingly.
It is important to note the clauses in the agreement with e-bay. If there your company has agreed to bear the cost of TDS then your company will have to bear it and pass on the credit to E-bay. There is nothing impossible to talk with ebay for TDS amount I think they will agree and they will also give you bill after charging service tax.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
