if amount of service is 10000
and tds is @ 1%=100
so on which amount s.tax is chargeable? whether on 10000 or 9900?
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Service tax
Replies (6)
TDS deducted is only for the record of the govt that you have made such Transactions.
TDS will be refunded with your filling
ST will be Charged on the full Amt that is 10,000*12.36%=Rs.1236
service tax is always charged on gross value and not on net value.
so tds on 10000.
Dear
If it is profeesional fees
Service tax charge on ( Rs10000+100)*12.36 but as per new circular comes befor 1 week Service tax will be charge on only Service value i.e. ( Rs 10000)*12.36.
Dear
Service tax will be charge on Rs 10000/- and tds will be deducted and tds will be deducted on inclusive of service tax.
Basically, Service Tax is shown on Invoice and given by Service Provider. It is responsibility of Service Recepient to make TDS. Right...
So, SR will deduct TDS on 10,000+1236:11236 ( if new circular is silent ).
194C envisages that TDS to be deducted only if contract charges exceeds Rs.30,000. So, SR is relieved from TDS.
Basically, Service Tax is shown on Invoice and given by Service Provider. It is responsibility of Service Recepient to make TDS. Right...
So, SR will deduct TDS on 10,000+1236:11236 ( if new circular is silent ).
194C envisages that TDS to be deducted only if contract charges exceeds Rs.30,000. So, SR is relieved from TDS.
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