TDS deducted under 194H/194C gross amount inculing Service tax or excluding Service tax?
Tds on gross amout (including service tax)or net
Hitesh (CA Final Student) (79 Points)
25 August 2014
Deepak Gupta
(CA Student)
(15922 Points)
Replied 25 August 2014
| Originally posted by : Hitesh | ||
 |
TDS deducted under 194H/194C gross amount inculing Service tax or excluding Service tax? |  |
TDS shall be deducted excluding service tax.
.
CBDT has clarified that wherever in terms of the agreement/contract between the payer and the payee, the service tax component comprised in the amount payable to a resident is indicated separately, tax shall be deducted at source under Chapter XVII-B of the Act on the amount paid/payable without including such service tax component.
-- Circular No. 01/2014, dated 13.01.2014.
NAVEESH DHAR
(ADVOCATE- TAXATION ADVISOR)
(427 Points)
Replied 25 August 2014
chandra
(student)
(528 Points)
Replied 25 August 2014
So far as I understand VST Sales Tax is not on services!!
Dixit
(CA Final)
(2405 Points)
Replied 26 August 2014
akshay
(student C.A.PCC)
(105 Points)
Replied 26 August 2014
CAclubindia
