Hello friends,
I am in confusion help me for this example, If a client raises his invoice for suppose 10000/- Rs and add's service tax at 10.3% i.e, 1030/- Rs the invoice total's upto 11030/- Rs. Now being an accountant i should deduct T.D.S on the basic amt of Rs 10000/- or on the invoice value i.e, 11030/- plz help me in this and where can i find clarification for this in which book .
TDS to be deduct on bill amount 11030/-
But in case of rent tds to be deduct before service tax on 10000/-
yes iam agree with ram avtar....tds should be deduct on total invoice value
But in the case of rent it should be deduct only on the basic value of the invoice except of service tax.
That depends upon the Service for which u receive the Invoice........ If it is for rent then exclude Service Tax........ For all other services including ST portion..............
As per the law, TDS should be charged on the gross amount in the bill. Such an amount is deemed to be inclusive of service tax, except in the case of Rent Receipts. In case of rent, the treatment for the purpose of TDS has been clarified by the IT department in the Circular No.4/2008 dt 28.04.2008.
Except for Rent, TDS to be deducted from Basic+ST. From Rent, ST to be excluded and then TDS to be charged.
TDS deduct for rent exclude Service Tax,For all other services including ST portion.
| Originally posted by : Ram Avtar Singh | ||
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TDS to be deduct on bill amount 11030/- But in case of rent tds to be deduct before service tax on 10000/- |
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AGREE
TDS to be deducted on bill amount Rs.11030. But in case of rent, TDS to be deducted on the amount exclusive of service tax.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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