Tds on service tax amount
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 March 2014
THERE IS RECENT AMENDMENT FOR NOT TO DEDUCT TDS ON SERVICE TAX AMOUNT REGARDING THIS I WANT FOLLOWING EXPLAINATION
1) NOW DUE TO THIS AMENDMENT WE SHOULD NOT DEDUCT TDS ON SERVICE TAX AMT. UNDER ANY TDS SECTION (INCASE I HAVE BILL FOR ADVERTISEMENT BILL OF ONE COMAPNY FOR RS 1000 BASIC VALUE AND RS 126 ADDITIONALLYMENTEIOND AS SERVICE TAX ) IN THIS CASE WHAT WILL BE TDS AMT.
2) FROM WHICH DATE THIS AMENDMENT WILL BE APPLICABLE
3) IS IT NECESSARY TO SHOW DIFFERENT AMT. OF BASIC SERVICE AND SERVICE TAX AMT IN INVOICE
4)IN ABOVE CASE IN TDS RETURN WHICH AMT. SHOUD I SHOW RS 1000/- OR RS 1126/- FOR TDS DEDUCTION
1) NOW DUE TO THIS AMENDMENT WE SHOULD NOT DEDUCT TDS ON SERVICE TAX AMT. UNDER ANY TDS SECTION (INCASE I HAVE BILL FOR ADVERTISEMENT BILL OF ONE COMAPNY FOR RS 1000 BASIC VALUE AND RS 126 ADDITIONALLYMENTEIOND AS SERVICE TAX ) IN THIS CASE WHAT WILL BE TDS AMT.
2) FROM WHICH DATE THIS AMENDMENT WILL BE APPLICABLE
3) IS IT NECESSARY TO SHOW DIFFERENT AMT. OF BASIC SERVICE AND SERVICE TAX AMT IN INVOICE
4)IN ABOVE CASE IN TDS RETURN WHICH AMT. SHOUD I SHOW RS 1000/- OR RS 1126/- FOR TDS DEDUCTION
Nikhil Kaushik
(Expert)
09 March 2014
1. you need to deduct against Rs 1000 only
2. given that it is only a circular and not a amendment in the act, you can also do so for bills issued before 13 January 2014 (ie the date of circular)
3. yes it is necessary that service tax should be clearly mentioned as a separate item
2. given that it is only a circular and not a amendment in the act, you can also do so for bills issued before 13 January 2014 (ie the date of circular)
3. yes it is necessary that service tax should be clearly mentioned as a separate item
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