Interested to Buy Any Domain ? << Click Here >> for more details...
If some service provider gives a bill having service tax.
say cost of service is Rs 100, He is adding 12.36% sevice
tax. Total comes 112.36. we have to deduct TDS @ 11.33%.
On what amount we should deduct TDS? (on 100 or 112.36 )
- 16 Answers
- 22314 Views
- Gammon, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
TDS will caluculate on sub totl amount that is Rs. 100/-
becouse the can we caluculate on Rs. 112.36/- that wrong
for double tax calculation.
| Is This Answer Correct ? | 3 Yes | 5 No |
Answer / neha patel
i will also agree tds 112.36 is correct because wededuct on
gross bill amount.
| Is This Answer Correct ? | 1 Yes | 3 No |
Answer / sohail
There is two calculation regarding this, one is if the
deducter is register under service tax act means he provide
service, there he will take the input of that tax, there
will be the calculation of above conclussion on Rs.100
(100*11.33%)
2nd is if he is not registered under service tax act,the
whole amount of Rs.112.36 will be his expended amt. and
there he can deduct the TDS on Rs.112.36 (112.36*11.33%)
| Is This Answer Correct ? | 1 Yes | 3 No |
Answer / viswa
In the above case we take 12.36% as service tax input
credit so we have to deduct tds for Rs.100/- only not for
112.36/-
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / sanjay roy
What I know that we are supposed to deduct Tax on the
portion of service rendred by the Party. Tax can be
deducted on the Income Portion of the Bill. Service Tax is
not form any Income of the Party. Party act as a middle man
to collect (Govt Said So) Serivce Tax on serivce provided
and subsequently deposited to the Central Government. It is
illogical to deduct Tax on Service Tax. I donot have any
idea that we should deduct Tax on another Tax. At the end
of the year we pay Income Tax on the Income portion only.
| Is This Answer Correct ? | 1 Yes | 5 No |
Answer / asma
In Rs100 only we should deduct TDS becouse aftr service we
get that amt.
| Is This Answer Correct ? | 11 Yes | 34 No |
is WCT TDS should deducted on gross value (basic+service tax)?
WHO IS SEND C FORM & WHATS MENTIONED THERE
how many percentage tds we have to deduct at a bill with heading "being our professional charges towards supervision of local sampling and analysis of rapseed meal
what is the difference between excise duty and sales tax
Can we bill to party at Delhi and ship material to Hyderabad.My company is in gujarat.If Yes.Road permit issued by Hyderabad party on who's name and who will give C form.etc.
Esic calculated on gross to be rounded to?
what is mean by CST purchase way bills, is it CSt Waybills equals to CST purchase way bills?
I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com
Whether sales tax is chargeable on imported goods.
If my company undertakes an AMC (Annual Maintainence Contract)with a Service company for Photocopiers Machines it is understood that we will be charged 12.36% of Service Tax on 70% of Total amount however how much percentage VAT is applicable on rest of the 30 % of total amount?
What is the mode of payment of Entry Tax?
what is timings of ruturn filing of vat,cst,service tax,cenvat explaine?
Audit 
