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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 )
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Answer Posted / 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 |
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