RESPECTED ALL,
ON WHICH AMOUNT T.D.S. SHOULD BE DEDUCTED WHEN PARTIAL REVERSE CHARGE MECHANISM IS APPLICABLE AND 25% SERVICE TAX IS PAID BY SERVICE PROVIDER.WHETHER T.D.S. SHOULD BE DEDUCTED ON INCLUSIVE AMOUNT OF SERVICE TAX OR EXCLUSIVE AMOUNT?
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Service tax
Replies (3)
The service receiver will deduct tax at source on amount including 25% service tax paid to provider.
Thanks,
TDS need to be deducted from the total value of Invoice.
Say Manpower Service Value = 100.00
Service Tax on 25% of Value = 3.09
Total Invoice Value = 103.09
TDS should be deducted on Rs. 103.09 @ 1% or 2% u/s 194C as the case may be, by the service receipient company from the Invoice of Individual/Partnership Firm/HUF/AOP.
Service Tax on 75% Value = Rs. 9.27 should be directly paid to the credit of government vide GAR-7 Challan by the company.
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