Dear Sir
I am from a Event Management Company
Last week we have doe a event in which we have hired a Banquet Hall and cocktail dinner for my client.
Please advise me how much TDS should be deducted and can i take the credit input on service tax.
Hotel Total Amount
For hiring of banquet halls, 194I is applicable (TDS @ 10%) and for dinner (catering), 194C is applicable [ @ 1% (in case of individuals) or 2% (other than individuals)].
194I: TDS deductible if payments/credit exceed Rs.1.8 lacs in a year
194C: TDS deductibe if single payment/credit exceeds Rs.30k or aggregate payments/credits during the year exceed Rs.75k.
Is there any specific caselaw regarding the same, as according to me 194 I and 194 C could be a debateable point.
Thanks
Chirag N Shah & Associates
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