Tds on resource cost & service charges on resource cost.

This query is : Resolved

Aruna.V (Querist)
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16 June 2016 I've Seen one Invoice that Resource cost & Service Charges on Resource Cost & ST Charged @14.5%.
While accounting invoice we have to deduct TDS on Invoice amount Excluding ST. TDS has to deduct @10% but in agreement they clearly mentioned that TDS should be deduct on Service Charges not on Resource cost as per agreement we deducted TDS only on service charge @10%. But other invoices of same vendor without knowing about that clause in agreement TDS deducted on Invoice amount excluding ST (Resource Cost+Service Charges).
TDS returns also filed. Now any problem will arise Need solution??????

Rupesh Jain

Rupesh Jain (Expert)
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16 June 2016 tDS will applicale on the total invoice cost not on the service charges. its not the commission. you have to deduct the tds w/o service tax on total amount. any agreement not go out of law.

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