All businesses raise invoices and receive payment and deal with TDS & Service tax. In this episode of eLagaan Whiteboard Friday, the eLagaan (http://elagaan.com ) team discusses when is service tax applicable and when do businesses have to cut the TDS (Tax deducted at source).
Also an example so you know what taxes you have already paid and what you responsible for. Service Tax & TDS are the most that people confuse. This video aims to clarify the differences between the two taxes with an example of invoice and tax paid.
Also check out our previous eLagaan Whiteboard Friday video’s on:
2. Service tax : Explained: Service Tax in India