Tds on payment made to a service provider
This query is : Resolved
santosh Gupta
(Querist)
21 January 2014
if a service provider makes a bill in which service tax is separately shown. at the time of payment should the receipient deduct the TDS....if yes then on which amount....either inclusive of ST or exclusive of ST....
guide me please
21 January 2014
TDS will be calculated on the amount paid or credited. As we credit amount including ST, TDS would be calculated inclusive of ST.
21 January 2014
Hi
TdS not to be deducted on ST if it is mentioned separately as per latest circular issued
Thanks
TdS not to be deducted on ST if it is mentioned separately as per latest circular issued
Thanks
21 January 2014
Pl refer circular 1 - 2014.
https://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=19531
https://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=19531
Ganeshbabu K
(Expert)
22 January 2014
Yes..as per circular 1/2014 dated 13.01.2014
.
.
Tds not applicable on servicetax which comprises payment to residents
.
.
If servicetax amount shown seperately in invoice
.
.
Tds not applicable on servicetax which comprises payment to residents
.
.
If servicetax amount shown seperately in invoice
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