9911796707
TMI BlogService tax & TDSX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear sir, We are a manufacturer unit receive a bill from service provider fabricator ( with service tax ) assy. value Rs. 50000/- Service tax Rs. 6000/- ed.cess 120/- sh.cess 60/- Total Rs. 56180/- Can we deduct TDS from total value or assessable value? - Reply By tasvir sharma - The Reply = you deduct TDS from total value. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Thavir Sharma - Reply By Pradeep Khatri - The Reply = It is now settled law that TDS will be deducted on the Gross Value of the Invoice. - Reply By Vivek Harsh - The Reply = Total value - Reply By Rauf Momin - The Reply = Yes, TDS Deduct on total Invoice Value. - Reply By SANJAY DAVE - The Reply = I am of the opinion that it should be on the value of service provided but one wrong ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ( in my opinion) answer given by the IT dept. under FAQ has made it a practise for everyone to deduct on total value. The section clearly states that "...... should be deducted from amount paid towards professional/technical service ........." and service tax is not paid for professional service but is a statutory levy collected on behalf of the Govt. and no TDS should be done on that. - Reply B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y KDK Software - The Reply = TDS will be deducted on total value. ----------------------------------------------------------- TDS filing Software - Service tax & TDS - Query Started By: - manoj raut Dated:- 13-5-2012 Income Tax - Got 6 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxman ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
