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Former Member
Jan 22, 2014 at 04:20 AM

TDS to be deducted without Service Tax component - Circulation 01/2014


Hello Experts,

As per Circular Number 1/2014 dated 13.01.2014, amount of Service Tax should be excluded at the time of calculation of TDS on Vendor Invoice. However, Circular is silent about Excise And VAT charged by Vendor. Hence, TDS should get calculated on Basic Invoice amount + VAT & Excise if any and Service tax should be excluded.

Is there any solution? Is there any configuration?

Thanks in advnce.

Kavita Ranade