Tds on service tax under reverse charge
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 January 2013
Dear All,
Need your expert opinion on this.
I have got invoice relate to "sponsorship of an event". This service was already under reverse charge mechanism.
so, an amount of 150000 is there on the invoice and no service tax component mentioned herewith.
Now, the service tax component is 18540 (12.36% of 150000).
However, the TDS decuted by the payee is only RS.3000-TDS on amount being sponsored.
Confused on the applicability of service tax and TDS.
Please Help
Need your expert opinion on this.
I have got invoice relate to "sponsorship of an event". This service was already under reverse charge mechanism.
so, an amount of 150000 is there on the invoice and no service tax component mentioned herewith.
Now, the service tax component is 18540 (12.36% of 150000).
However, the TDS decuted by the payee is only RS.3000-TDS on amount being sponsored.
Confused on the applicability of service tax and TDS.
Please Help
26 January 2013
TDS NEEDS TO BE DEDUCTED ON COMPLETE BILL OF RS.150000/-
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