​Modification of Circular No.1 of 2014 in view of substitution of Service Tax by Goods and Services Tax (GST)

F. No. 275/59/2012-IT (B)

Government of India

Ministry of Finance

Dep:mnwll\ of Revemle

Central Board of Direct axes

North Block, New Delhi

19th July, 2017

Subject: Modification of Circular No.1 of 2014 in view of substitution of Service Tax by Goods and Services Tax (GST).

The Central Board of Direct Taxes (the Board) had earlier issued Circular No. 112014 dated 13.01.2014 clarifying that wherever in terms of the agreement or contract between the payer and the payee, the Service Tax component comprised in the amount payable to a resident is indicated separately, tax shall be deducted at source under Chapter XVIl-B of the Incometax Aet, 1961 (the Act) on the amount paid or payable without including such Service Tax component.

To know more in details,click here

Circular No : 23/2017
Source : http://www.mbaclubindia.com/it/circular_23_2017.pdf

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