I had a doubt relating to TDS. for example there is a x private limited having webdesigning and domain registration receipts. if company is received a payment made by some y company 6621 after deducting tds. actual invoice amount is 6742. what is the actual amount they have to show for service tax purpose? After receiving amount what is the amount they have to enter in receipt voucher? can anyone please clarify this..... I am asking about TDS.. how to show tds and the amount to be write down in receipt voucher.
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You should raise your bill by specifting the amount of Service Tax seperately in the bill. But in case you have not raised the bill by specifying the amount of service tax seperately then you are liable to make payment of service tax amount to Central Government. You can do that calculation by multiplying the amount of bill raised (Rs.6,742/-) by 12.36 and then dividing it with 112.36.
Regards
Rohit Gupta
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