Tds on service tax

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Manish Thakur (Querist)
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02 December 2014 Sir,

CBDT has issued a circular 01/2014 dt: 13.01.2014 regarding not to deduct service tax component shown separately.

I want to know is it mendatory to deduct tds excluding Service Tax amount or any amendment inserted by the department in above circular.

Pls. guide us.

Amol S Joglekar

Amol S Joglekar (Expert)
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02 December 2014 The matter has been examined afresh. In exercise of the powers conferred under section 119 of the Act, the Board has decided 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 under Chapter XVII-B of the Act on the amount paid/payable without including such service tax component.

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