if service tax component shown in the bill separatelt then tds will be deducted on fees only(excluding s.tax).ex-fees rs 5000 service tax @ 12.36% Rs 618 total amt payable-Rs5618 then on what amt tds would be deducted??????????plz reply
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Service tax
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Dear Sarita
TDS is to be deducted on amount excluding service tax....
IN your example TDS is to be deducted on 5000/-
dear saloni thanks but Rs5618 (inclusive of all taxes) is mention on contract and bill shows separately like fees-Rs.5000 s.tax-618 and total value-5618.now what to do?????
Hi Sarita,
To my understanding if the Service Tax Componenet is mentioned seperately on the invoice then TDS should be deducted on the Rs. 5000/- otherwise on full amount.
OR
U Can folllow "Thumb rule"
"IN CASE OF CONFUSION DEDUCT TDS ON TOTAL AMOUNT"
TDS is to be deducted on amount Excluding Service Tax .
Refer latest circular as below issued by CBEC
Circular No.01/2014
also CIT(TDS) Jaipur vs Rajasthan Urban Infrastructure (Income-tax Appeal No.235, 222, 238 and 239/2011),
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