Dear all as you know, service receiver in case of Transportatin charge has the liability to pay service tax if not charges on bill on 25% after availing 75% abatement.
But in case of TDS deduction any body suggest, TDS has to be deducted from the bill amount charged by the provider or from the ( bill amount charged by service + service tax we pay)
Menu
TDS liability on Freight Inward bills
Replies (1)
Service tax is the substitude of excise duty in service area . My question is can u deduct tds on excise ???? the answer is no .Hence by laws if u go there should not be such deduction for tds on service tax . Because it will create cascading effect i.e. tax on tax . But in practical in order to avoid future disputes we are deducting TDS if charged in bill . If it is claimed by separate bill it cannot be deducted .
Recent Topic
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
Related Topics
CAclubindia
