Service tax on security charges

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  1. Ninad N S

    Ninad N S New Member

    Service provider is unregistered dealer in security providing services(man power supply).
    The clarification required is whether TDS is deducted on inclusive of service tax or exclusive of servie tax .
     
  2. gaurav_kumar

    gaurav_kumar Well-Known Member

    TDS is to be deducted exclusive of Service Tax
     
    Ninad N S likes this.
  3. Ninad N S

    Ninad N S New Member


    That implies,

    For ex. Invoice amount = 24,300
    ST @ 12.36% = 3,003
    On reverse charge mechanism 75% of ST by service receiver = 2,252
    TDS on 24,300 @ 1% = 243

    Net = 24,300-2,252-243
     
  4. Ninad N S

    Ninad N S New Member


    What are the consiquences if TDS is deducted invlusive of ST ??
     
  5. Parul_Gupta

    Parul_Gupta Active Member

    If TDS is deducted inclusive of Service Tax - there wont be any consequences.

    Its only that you would be required to deposit the same with the govt.

    Higher TDS Deduction is not a problem but lower TDS deduction may be a problem. In your case - you have deducted higher tds therefore no problem
     
    Ninad N S likes this.
  6. Ninad N S

    Ninad N S New Member

    Thank You Akanksha
     
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