Will any one clarify about the deduction of the TDS on the serveice tax charged on the bill for professional fee??
Menu
Deduction of tds on service part of service tax
Replies (2)
| Originally posted by : SHAUYRA SHESH | ||
 |
Will any one clarify about the deduction of the TDS on the serveice tax charged on the bill for professional fee?? |  |
.Recently, CBDT has exempted deduction of TDS from service tax component if it's charged separately.
-- Circular No. 01/2014, dated 13.01.2014.
CBDT, vide its circular no.01/2014, has clarified that in case the service tax has been shown separately on invoice, no TDS shall be charged on service tax component.
Earlier, this relief was granted to TDS u/s 194-I only. Now, the same has been extended to all the other sections under chapter XVII-B.
The circular has been enclosed herewith for reference.
Recent Threads
- Closing Stock111
- INVOCIE GENERATED FROM ONE COMPANY AND EWAY BILL G
- Ineligible itc under section 16(4) & itc restr
- Itc on when mixed sales percent in hospitality
- Apply for GST registration while working in MNC
- Deferment period for Advance Tax under Section 234
- Permanant transfer of duty free goods by Advance A
- 1% TDS Deduction on Property purchase through inst
- Tax on leave encashment on retirement
- Guidance Required on Notices Under Section 234B Af
Related Threads
CAclubindia
