TDS on service tax

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..... Dear Sir We are issuing Service Tax Invoices on receiving commission charging ST @14%.with a request to deduct TDS on Commission amount only. But the party has deducted TDS on full amount including ST. In the Income Tax statement 26 AS showing Commission and TDS, the amount reflected would be commission paid including ST which is not correct as per books as we have credited only commission. Ple .....

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..... ase clarify if TDS is applicable on ST amount. D K Aggarwal - Reply By CA Sumit Aggarwal - The Reply = Hi Mr. Aggarwal TDS not to be deducted on Service Tax portion as per CBDT Circular No. 1/2014 dated 13th Jan, 2014 . Thanks Sumit Aggarwal - Reply By DK AGGARWAL - The Reply = Dear Sumit Ji Thanks for the prompt reply D K Aggarwal - Reply By Manoj Agarwal - The Reply = Dear Si .....

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..... r, The confusion regarding deducting TDS on Gross Bill Amount (including service tax) or on Service Value only has been put to rest by CBDT Circular No. 1/2014 dated 13-01-2014 which is extracted below: ...The Board has decided that wherever in terms of the agreement/contract between the payer and the payee, the service tax component comprised in the amount payable to a resident is indic .....

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..... ated separately, tax shall be deducted at source under Chapter XVII-B of the Act on the amount paid/payable without including such service tax component. In my view, the circular is clarificatory in nature and is applicable retrospectively when the service tax is charged separately in the invoice. - TDS on service tax - Query Started By: - DK AGGARWAL Dated:- 10-8-2015 Service Tax - .....

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..... Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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