St/vat - composite work contract
This query is : Resolved
Alwyn Fabian Timothy
(Querist)
11 December 2014
In a composite works contract when invoices are distinctively provided for labour and supply of material. Do I need to deduct ST/VTDS/TDS for both.
12 December 2014
Dear Mr.Timothy,
In a composite Works Contract one can not issue tax invoice for supply of labour and material separately. If it is so then it is not a works contract.
In case or Works contract invoice, whether it is divisible or indivisible works contract you have to deduct both ITDS and VTDS
In a composite Works Contract one can not issue tax invoice for supply of labour and material separately. If it is so then it is not a works contract.
In case or Works contract invoice, whether it is divisible or indivisible works contract you have to deduct both ITDS and VTDS
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