Deduction of tds on vat

This query is : Resolved

Nitin (Querist)
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06 August 2011 Dear All,

Need your input on the below example:

A Co. raises invoice for services to Customer as follows:
Billing for service provided 100.00
VAT @ 4% 4.00
Total 104.00
Service Tax @10.3% 10.30
Gross Total 114.30

Now, customer deducts TDS and TDS on VAT seperately.
My query is:
Customer deducts TDS on VAT on Rs.114.30,
is it correct?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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06 August 2011 The customer has deducted TDS correctly.
Now you can demand Form 16 of the said amount.

CA Manish Agrawal

CA Manish Agrawal (Expert)
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07 August 2011 You have not mentioned about 'under which Section 194C..194J etc.'. The Crux of TDS is Read the Section carefully...if 'Sum paid or credited' word is Given then 114.30 will be considered. if word 'Income paid or credited' is used in the section then 100/- will be considered to amount for computing TDS.
CA Manish J. Agrawal
[S.T.S., B.Com, DISA, DIRM, SAP(FI-CO), NCFM-II, Service Tax(e-L), Transfer Pricing(e-L)]

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