Tds under reverse charge
This query is : Resolved
10 August 2013
Whether TDS is deducted on the bill inclusive of service tax payable by the recepient of service charge under reverse charge.
10 August 2013
Yes, it is
TDS is deductable on value including service tax
TDS is deductable on value including service tax
10 August 2013
No TDS is deducted on value excuding service tax in case of RCM.
Say lawyers bill Rs 10000/-
TDS Rs 1000/- (10% of Rs 10000/-)
We pay Rs 9000/- to lawyer.
ST paid under RCM @12.36% of Rs 10000/-
i.e., Rs 1236/-
Say lawyers bill Rs 10000/-
TDS Rs 1000/- (10% of Rs 10000/-)
We pay Rs 9000/- to lawyer.
ST paid under RCM @12.36% of Rs 10000/-
i.e., Rs 1236/-
11 August 2013
Yes,,it is exactly as suggested by Sanjay Gupta Ji
TDS is on amount payable to payee
Suppose in case of manpower supply
BILL VALUE 100
STAX (25%) 3.09
So you need to pay 103.09 to manpower supplier
And TDS 2% to be deducted on 103.09
No TDS Applicable on your part of service tax
Thanks & regards
Ganesh babu k
TDS is on amount payable to payee
Suppose in case of manpower supply
BILL VALUE 100
STAX (25%) 3.09
So you need to pay 103.09 to manpower supplier
And TDS 2% to be deducted on 103.09
No TDS Applicable on your part of service tax
Thanks & regards
Ganesh babu k
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