Tds on job work

This query is : Resolved

Vipin Kumar Sharma (Querist)
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12 March 2015 DEAR SIR

WE GET DONE JOB WORK FROM PARTY A, PARTY HAS RAISED INVOICE OF RS 27558 & CHARGED SERVICE TAX RS 3406.00. TOTAL BILL AMOUNT RS 30964.00
WE HAVE NOT TAKEN BENIFIT OF SERVICE TAX & FULL AMOUNT OF RS 30964.00 BOOKED IN EXP. NOW THE QUESTION, IS TDS APPLICABLE ON THIS AMOUNT AS SINGLE BILL IS ABOVE RS 30000.00

THANKS & REGARDS

VIPIN KUMAR SHARMA

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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12 March 2015 as per circular no 1/2014 no tds is applicable on service tax portion , so while checking the threshold limit of 30,000 also service tax protion should be ignored for tds applicablilty u/s 194C.

hence in this case basic invoice without service tax amount is 27,558 hence no tds is applicable provided this is the only bill / invoice for the whole year from partyA

Rupesh Jain

Rupesh Jain (Expert)
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12 March 2015 as per circualr 1/2014you can dedcut the tds on amount w/o service tax there is no diff.if you take the service tax claim.

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