Tds on service tax under reverse charge mechanism

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 February 2013 Whether TDS is to be decucted on Service Tax portion under reverse charge mechanism. Eg:

Sitting fees Dr 20000
S.Tax Input (Rev. charge)Dr2472
To, Service Tax Payable(Rev.chgs)2472
To,Sitting fees payable 20,000
To TDS Payable ????????????
Whether TDS to be deducted on Rs.20,000/- or on Rs.22,472/-
Pls. suggest

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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04 February 2013 The amount payable to the person is Rs 20000/-only. Service Tax has to be deposited with the Govt. So TDS is to be deducted on Rs. 20000/-.

CA Prashant Gupta

CA Prashant Gupta (Expert)
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04 February 2013 I believe in sitting fee, director didn't charge any service tax. so in reverse charge you calculate service tax Rs. 2472/-
in this case you will deduct TDS only on 20000. because you paid only this bill.

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