banner_ad

Tds on mansupplier contractor

TDS / TCS 819 views 3 replies

Earlier we were deducting TDS on Manpower contractor's Invoice on full value i.e. inclusive of service tax. (Rs. 1000 + 124 ST = 1224/- @ 2% 25/-)

W.e.f. 01/07/2012 there are changes in Service Tax Rule, as per new rule service provider should charge 50% Service Tax  -) and service receiver (Company) should pay 50% service tax . In this regard, TDS will be deducted on Rs. 1000 + 62/- = 1062/- @ 2% Rs. 21/-. Pl correct if i am worng.

 

Replies (3)

TDS will be deducted from gross value . service tax payment by service receipent is just  like a TDS  Payment .

I have the same doubt,pls clarify

 

1. services  provided or agreed to be provided  by way of supply of manpower for any purpose
 
Service tax payable  as under :
Service Provider -25%
Service receipient - 75 %
 
2. services  provided or agreed to be provided  by way of works contract

Service tax payable  as under :

Service Provider -50%
Service receipient - 50 %
 
You should deduct tds on gross bill amount.
 
 




CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details