Tds on service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 February 2014
In the case of Transport agency they charged service tax on bill whether tds deducted including service tax or not.
10 February 2014
vide CBDT Circular No. 1/2014 dated 13-1-2014-
“TDS on service tax component comprised of payments made to residents”
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that wherever in terms of the agreement /contract between the payer and the payee, the service tax component comprised in the amount payable to a resident is indicated separately, tax shall be deducted at source on the amount paid/ payable without including such service tax component
“TDS on service tax component comprised of payments made to residents”
-------------------------------
that wherever in terms of the agreement /contract between the payer and the payee, the service tax component comprised in the amount payable to a resident is indicated separately, tax shall be deducted at source on the amount paid/ payable without including such service tax component
10 February 2014
well if the payment is made to the transporter, tds is anyways not deductible due to 194c(6). where TDS is to be deducted, you can leave out the service tax part provided such amount is specifically mentioned in the invoice.
10 February 2014
TDS is to be deducted on only gross bill amount.if the service tax is shown seperatly.(exclusive)
TDS is to be deducted on service tax also.if the bill doesn't contain service tax amount.(inclusive of service tax)
TDS is to be deducted on service tax also.if the bill doesn't contain service tax amount.(inclusive of service tax)
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