04 February 2014
A Company has taken machinery for rent and decucting 2% TDS u/s 194I(on bill value including service tax) My question is company has to deduct TDS including Stax or excluding S tax?
04 February 2014
Under both the rules. Earlier only i94I was covered. Now all sections are covered. TDS on payments under all sections should be deducted on amount excluding service tax.
04 February 2014
Sir please clarify the following Can a company take input of VAT paid on (materials purchase value + freight. For ex: supplier charged in the invoice as Material 100000 Freight 500 Vat 5%(on 100500)= 5025? company paid 5025 vat to supplier my question is can we avail vat paid on freight(rs.25)as input credit or not?
CAclubindia
