Combined,(tds under income ,service tax,tds under works cont

This query is : Resolved

Vinay (Querist)
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27 February 2013
WE ARE MANUFACUTURER, OUR UNIT IS UNDER CONSTRUCTIONS AT LUCKNOW.ONE OF OUR SUPPLIERS,IS SUPPLYING RMC MIXURE FOR USING IN CONSTRUCTION.

WE ARE REGISTERED UNDER THE FOLLOWING AUTHORITIES,DEPARTMENTS.
a)CENTRAL EXCISE,b) UP VAT DEPTT, c)SERVICE TAX , d)TAN UNDER INCOME TAX .

BUT, WE HAVE NOT TO TAX DEDUCTION ACCOUNT NUMBER UNDER UP VAT DEPTT OR NOT APPLIED.

THIS SUPPLIER IS CHARGING VARIOUS TAXES IN HIS TAX INVOICE ( SUCH AS ,EXCISE DUTY @2%, UP VAT @12.5% AND ALSO TRANSPORTATION CHARGES)

OUR FIVE QUESTIONS ARE TO CONCERN THIS.

1)SHOULD WE DEDUCTED TDS @1% UNDER INCOME TAX ?
2)SHOULD WE DEDUCTED TDS @2% UNDER UP VAT ACT ?
3)SHOULD WE TAKEN IN PUT CREDIT UNDER EXCISE ?
4) SHOULD WE DEPOSITED SERVICE TAX ON TRANSPORTATION @12.36% ( AS CALCULATION (TRANSPORTATION LESS REBATE @75% = NET TRANSPORTATION ).

PLEASE CLEARFY.

THANKS

VINAY KALE

Rajnish Singh

Rajnish Singh (Expert)
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28 February 2013 DEAR VINAY.

IF RMC OWNER CHARGED WITH YOU SEPRATE AMOUNT FOR VAT AND SEPRATE FOR SERVICE TAX THAN NO NEED TO DEDUCT WCT.

IF HE ARE CHARGING EXCISE ON CERTAIN AMOUNT AND CHARGED VAT ON SAME AMOUNT INCLUDING EXCISE AND CHARGE SERVICE TAX SEPRATELY.

THAN YOU SHOULD DEDUCT WCT @2% AND DEPOSIT TO GOVERNEMNT. WCT CAN BE DEPOSIT ON YOUR TIN.

THERE IS NO NEED TO DEPOSIT SERVICE TAX ON THIS CHARGES. BECAUSE HERE IS NO RELATION BETWEEN YOU AND TRANSPORTER.

THE BILL WHICH DIRECTLY RECEIVED FROM TRANSPORTER YOU SHOULD DEPOSIT THE TAX @25% OF 12.36%

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