TDS on Service Tax (India Localization)
Dear Gurus,
I have an issue with respect to TDS on Service Tax (India Localization), wherein in AP while booking an Invoice we need to deduct TDS on the entire bill. For example, from Supplier A we receive an Invoice with base amount Rs.100 and Service Tax (@ 10.3%) Rs.10.30 and the Total Invoice value Rs.110.30. In this case we need to deduct TDS @ 10% on the total Invoice value. We attache the TDS code at ‘Supplier Additional Information’ (India localization) for supplier site. In this default TDS scenario, system is deducting TDS on base amount ie Rs.100 only as the
I have an issue with respect to TDS on Service Tax (India Localization), wherein in AP while booking an Invoice we need to deduct TDS on the entire bill. For example, from Supplier A we receive an Invoice with base amount Rs.100 and Service Tax (@ 10.3%) Rs.10.30 and the Total Invoice value Rs.110.30. In this case we need to deduct TDS @ 10% on the total Invoice value. We attache the TDS code at ‘Supplier Additional Information’ (India localization) for supplier site. In this default TDS scenario, system is deducting TDS on base amount ie Rs.100 only as the
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