Sir,
We are mfg concern. We got service invoice from Bangalore with service tax & CST.
We like to know. Whether TDS to be deducted on the Gross Amount of the bIll. (Incl CST)...?
or
Tds to be deducted on Excl CST...?
Thanks & Regards
Fareed
6 Replies
Vikas Dighe
(Tax Consultants)
(49 Points)
Replied 17 January 2013
Hi Farid,
I Think, TDS deduct on Gross Amount on Service Invoice, which is except Rent Service [Basic Amt] only.
Fareed
(Accountant)
(90 Points)
Replied 17 January 2013
But I like to know.. Tds to be deduct on Gross Value (including cst amount)???
Rajesh
(Service )
(7576 Points)
Replied 17 January 2013
yes, TDS will be deducted on the Invoice value. In case of Rent paid the TDS should be deducted on rent part only.
Rajesh
Tony John
(Chartered Accountant)
(6085 Points)
Replied 18 January 2013
TDS shall be deducted on the gross amount given in the invoice inclusive of Service tax.
IN the case of rent, tax shall be deducted on the amount excluding service tax.
gaurav chandola
(CA Article)
(21 Points)
Replied 18 January 2013
Sir let me know that if we deposited tds u/s 194I in dec 2012 for the month of jan 213 to march 2013 in advance so can we fill the tds return in advance in 3Quarter i.e dec 12 and if in challan wrong assessment year is filled should we fill the tds return before give the correction letter to the ITO
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