Central Board of Excise & Customs vide Order No. 02/2014-ST dated 24th October, 2014 has extended the due date of filing Service Tax Return, for the period of April 2014 to September 2014, from 25th October 2014 to 14th November 2014. F.No.137/99/2011-Service Tax Government of India Ministry of Finance Department of Revenue Central Board of…
The CBDT hass issued a Circular No. 01/2014 dated 13.01.2014 regarding deduction of TDS under Section 194J (chapter XVII-B of the Income Tax Act, 1961) on professional and technical services. This circular clarifies that on Professional and technical services fees paid by the payee to payer is not undercome TDS Deduction. This circular has issued by CBDT after the judgement of…
According to Indian Tax Laws, the receiver of service is required to do two things at the time of making any payment:- 1. Pay Service Tax on the services received 2. Deduct TDS on the payment made However, the confusion is whether TDS has to be deducted on amount including service tax or on amount…
Here is an important judgement of the Honble Rajasthan High Court, in the case of Commissioner of Income Tax (TDS), Jaipur Vs. M/s. Rajasthan Urban Infrastructure [2013 (8) TMI 12-RAJASTHAN HIGH COURT] on following issue: Issue: Whether TDS is to be deducted on the amount of Service Tax charged on professional/ technical fees under Section…
A long awaited clarification regarding tds on payment of service tax on rent u/s 194-I has been Issued by the CBDT. Details about the issue is given here under: Brief about section 194-I Rent is to be deducted by all person on payment of rent except huf and individual who’s sales is less than limit…
Section 67 of the Act has made provision for valuation of taxable service for charging service tax. According to Section 67(1)(a) of the Act where there is a monetary consideration paid to provide taxable service, the assessable value for levy of service tax is gross amount charged by the Service provider for the taxable service…