08 February 2009
I am a works Contractor...and my client had deducted TDS on the VAT invoice presented to them for the payment to a tune of Rs.4.40.000/- (They had deducted Rs.9971/- from this 4.4 Lakhs as TDS)
For the Informations of the Experts:
For this Works Contract i had given My client two separate invoices. ie., one for the VAT related invoice (For VAT Calculation)and the another for service related Invoice (For Service Tax Calculation).
Now Please advice me if the client is allowed to deduct TDS on the VAT TAX invoice Payments of Rs.4.40 Lakhs
Please Note: The Status of My client is a Limited Company and mine is a firm.
19 April 2013
As VAT is lavied on the invoice means its contract of sales, as TDS is not applicable on contract of sales hence TDS not applicable on VAT invoice.
CAclubindia
