TDS & Service Tax on Works contract
This query is : Resolved
AVINASH KAMBLE
(Querist)
24 December 2009
Dear sir,
I am doing Proprietorship Business Catering Services. I got contract to provide Food and give service to them.
1. T.D.S is applicable or not
2. Service Tax applicable or not
3. Rate of Service Tax and TDS
4. How to Bill Raised
I am doing Proprietorship Business Catering Services. I got contract to provide Food and give service to them.
1. T.D.S is applicable or not
2. Service Tax applicable or not
3. Rate of Service Tax and TDS
4. How to Bill Raised
24 December 2009
1.Applicable u/s 194C.
2.Applicable u/s 65 (76a).
3.Service tax rate is 10.30%. However 50% abatement is allowed as per notification no.1/2006 dated 01/03/2006 subject to conditions prescribed therein. TDS rate is 1% being proprietorship concern.
4.In the bill contract value and service tax should be shown separately. The other party has to deduct TDS on the entire bill amount.
2.Applicable u/s 65 (76a).
3.Service tax rate is 10.30%. However 50% abatement is allowed as per notification no.1/2006 dated 01/03/2006 subject to conditions prescribed therein. TDS rate is 1% being proprietorship concern.
4.In the bill contract value and service tax should be shown separately. The other party has to deduct TDS on the entire bill amount.
ANIL JANGID
(Expert)
24 December 2009
AGREE
Murtaza I Bhagat
(Expert)
24 December 2009
I also agree.
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