Tds under reverse charge mechanism
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2012
TDS is to be deducted on which amt.?
bill of party 100000
Service tax 10300
Total Bill 1,10,300/-
We are paying party 100000+2575 (25% servicetax) = Rs.102575/-
Tds is to be deducted on 102575/- or 110300/- ?
bill of party 100000
Service tax 10300
Total Bill 1,10,300/-
We are paying party 100000+2575 (25% servicetax) = Rs.102575/-
Tds is to be deducted on 102575/- or 110300/- ?
CA. Subhash Dangi
(Expert)
29 August 2012
If TDS is U/s 194I, TDS to be deducted on Rs.100000/- No need to add ST in this case.
If TDS other than Sec 194I, TDS is to be deducted on full amount including ST amount i.e, on Rs.110300/- as there is no guidelines so far from IT Dept or Service Tax Dept.
If TDS other than Sec 194I, TDS is to be deducted on full amount including ST amount i.e, on Rs.110300/- as there is no guidelines so far from IT Dept or Service Tax Dept.
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