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Tds on invoice amount

Page no : 3

punit (CA final) (290 Points)
Replied 03 October 2012

hey Pooja..Tds should be dedcut on 4000..onlu in Case of Rent -tds dedcuted on less service tax amount...-CA.Punit Garg

siva durga prasad (Internal Auditor ) (34 Points)
Replied 03 October 2012

tds is only deduted in credit amt basis .

suppose one example .

audit  fees payable .

audit fees ................................100000

Service tax payable ...............  12360

   to    Tds payable                                       11236

     to name of party ..............................    101124

 

Suppose  consultancy charges paid to lawer .

consultancy charges .......................100000

service tax payable .........................12360

  to tds payable .................................    10000

 to service tax recevible payable       12360

to name of party                                 90000

tds only deducted on credit basis

 

 

 

1 Like

Shyam Jandhyala (Principal) (21 Points)
Replied 19 October 2012

Further to this, I request guidance  where reverse charge service tax is applicable, will the TDS be deducted only on the provider's share of service tax or on the total service tax? E.g: for manpower supply contract, if invoice is Rs 10000,00 and the provider needs to charge service tax on 25% (without abatement) , should we deduct TDS on 10309.00 or 11236.00?

Thanks in advace...


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