Tds on security services
This query is : Resolved
A.JAGADEEP
(Querist)
30 December 2013
Dear sir,
As per Partial reverse charge( in the case of supply of man power) 25% of S.T should be paid by the Service provider and balance 75% of S.T shoulb be paid by service receiver.
If the service provider raise the invoice as follws:
Security sercive for month - 1000
Add: Service tax(1000*12.36%*25%) - 30.9
Total chrges - 1030.9
Here we have to deduct Tds either on 1030.9 or 1123.6(1000*12.36%)?
As per Partial reverse charge( in the case of supply of man power) 25% of S.T should be paid by the Service provider and balance 75% of S.T shoulb be paid by service receiver.
If the service provider raise the invoice as follws:
Security sercive for month - 1000
Add: Service tax(1000*12.36%*25%) - 30.9
Total chrges - 1030.9
Here we have to deduct Tds either on 1030.9 or 1123.6(1000*12.36%)?
Ganeshbabu K
(Expert)
30 December 2013
tds only on amount paid to manpower contractor
.
.
i.e, tds on 1030.9 only
.
.
i.e, tds on 1030.9 only
Ganeshbabu K
(Expert)
30 December 2013
tds only on amount paid to manpower contractor
.
.
i.e, tds on 1030.9 only
.
.
i.e, tds on 1030.9 only
Guest
Guest
(Expert)
30 December 2013
AGREE WITH EXPERT....................
A.JAGADEEP
(Querist)
30 December 2013
why it is not 1123/- sir????
Ganeshbabu K
(Expert)
30 December 2013
you are paying only 1030.9 so you have to deduct tds only on this amount only
A.JAGADEEP
(Querist)
30 December 2013
but while considering a transaction as a whole we are paying 1123/-.? why we should not deduct on this amount?
Ganeshbabu K
(Expert)
01 January 2014
Tds is deductable only on amount credited to party
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