Will any one clarify about the deduction of the TDS on the serveice tax charged on the bill for professional fee??
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Deduction of tds on service part of service tax
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| 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.
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