TaxTMI 
TaxTMI 
Service tax & TDS
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....ervice tax & TDS<br> Query (Issue) Started By: - manoj raut Dated:- 13-5-2012 Last Reply Date:- 8-6-2012 Income Tax<br>Got 6 Replies<br>Income Tax<br>Dear sir, We are a manufacturer unit receive a bi....
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....ll 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 assessa....
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....ble value? Reply By tasvir sharma: The Reply: you deduct TDS from total value. Thavir Sharma Reply By Pradeep Khatri: The Reply: It is now settled law that TDS will be deducted on the Gross Value....
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.... 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 i....
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....t should be on the value of service provided but one wrong ( 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 sta....
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....tes 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 ....
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....of the Govt. and no TDS should be done on that. Reply By KDK Software: The Reply: TDS will be deducted on total value. ----------------------------------------------------------- TDS filing Softwa....
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