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Tds on transportation charges
service Tax deducted only On 30% Of Total bill value (i.e on 30,000 out of 1,00,000)
Dear Sumit
Before deduting TDS kinldy check if transporter is not owning more than 10 goods carriage at any time during the previous year, then we, as payers (Tax deductors) have to obtain a declaration from transporter along with his copy of PAN before credit or payment to transporter, whichever is earlier. if he has less than 10 vehicals then TDS is not required to be deducted.
Regards
ASif
if we are paying Service tax on RCM we should deduct TDS on 100,000 Because service tax is not charged in bill we are under obligation to discharge Service tax under Reverse charge mechanism . Kindly deduct TDS on 100,000 plz do not consider abated amount as it plays no role for Income tax act
TDS to be deducted on Rs. 1,00,000/-
Are you paying service tax on reverse charge?
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