How to deduct service tax & tds simultaneously?

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FE
24 Points Joined April 2012

Hi All,

 

I have raised a bill to a client for example 55500 INR including 10.3% service tax but the client deducted the 2% TDS on the gross. Please help me how do i file service tax and what is the proceedure on it.

Please guide me with detailed understanding as i am not that comfortable with finacial jargons.

 

Thanks in advance.

 

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On 04 April 2012 at 10:57 Report
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Practicing Chartered Accountant
308 Points Joined December 2008
You have to pay service tax to the credit of government @ 10.30 percent which is included in 55500
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On 05 April 2012 at 10:20
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Sr. Manager
617 Points Joined April 2011
You will have to consider the TDS as cash receipt,to put in a very simple terms.
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On 05 April 2012 at 13:20


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