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tds on service tax component
Please clarify whether TDS to made or not on the service tax component included in the invoice raised under sections 194C and 194J
Replies (33)
Tax will be required to be deducted in all cases where TDS is applicable on the gross amount of the bill.
Hi,
Tax has to be deducted on the Service tax included in the invoice raise u/s 194C and 194J.
Also i have clarification in this respect from CIT(TDS).if anybody wants do let me know.
pls send me the clarification from CIT
my email id is nayan_chuttar @ hotmail.com
There are several cases in this matter. The TDS has to be deducted on gross amount charges which also includes the service tax components
TDS should be deducted inclusive of service tax.
bcoz while reading the section, section says that tds should be deducted on credit given to party.
you are giving credit to party inclusive of service tax only.
hence, tds should be deducted on gross amount only, eventhough that is not an income to the party
HI Pl Forward the clarification from CIT - Thanks.
when tds deduct
we made entry
freight a/c dr
to party
to sevice taxpayable
to tds payable
so ii clear tds will deduct on freigh amt
hi siddarth thanks for your response,
will please forward me the clarification given by the CIT.It will be of great help for me
Hi All,
pls give me u r email id in case in u want copy of clarification issued by CIT (T.D.S.)
pls give me u r email id in case in u want copy of clarification issued by CIT (T.D.S.)
my email id anandaraoca @ gmail.com
Hi Siddharth
Kindly send me a copy of the clarification issued by CIT(TDS) to kbiji @ yahoo.com
Kindly send me a copy of the clarification issued by CIT(TDS) to kbiji @ yahoo.com
hi,
pls. send me the clarification issued by CIT(TDS)
PLZ Send me clarification given by CIT(TDS)
PLZ Send me clarification given by CIT(TDS) at agarwalroopak @ rediffmail.com
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