Tds on reverse charge portion
This query is : Resolved
19 October 2013
can anyone please help me with a query ...
suppose invoice amount is 100 + service tax charged in invoice 12.36 % ie 112 rs total bill amount.
If reverse charge is applicable say 50-50 % , then the amount to be paid would be 106.
So on what amount TDS would be deducted ?? 106 which you are going to pay or 112 which is the invoice amount ??
suppose invoice amount is 100 + service tax charged in invoice 12.36 % ie 112 rs total bill amount.
If reverse charge is applicable say 50-50 % , then the amount to be paid would be 106.
So on what amount TDS would be deducted ?? 106 which you are going to pay or 112 which is the invoice amount ??
19 October 2013
On 106(I.e. On sum paid/payable)... However, in case of rent, tds is not deducted on ST portion.
19 October 2013
And u r saying he has charged u remaining portion of ST(I.e. 6) which is payable by u under reverse charge, then advisable to ask for revised invoice or issuee him a debit note
19 October 2013
TDS is deducted on amount credited to the party
.
.
which is 106
.
.
which is 106
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- GST ON DAMAGED GOODS
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- LTCG for Assmt year 26-27
- Treatment of Pension ?annuity returns on PMVY
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
