T.D.S on Job Work

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 February 2010 We have supplied semi finished material for job work and we did not raise invoice for the supplied material. Now we have received bill of Job Work for Rs. 38000/-. Are we liable to deduct T.D.S on same.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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24 February 2010 Where materials are supplied then, tax shall be deducted at source
(i) on the invoice value excluding the value of material, if such value is mentioned separately in the invoice; or
(ii) on the whole of the invoice value, if the value of material is not mentioned separately in the invoice.

So since the value of materials is not mentioned only on the jobwork TDS deductible since bill exceeds Rs 38,000/-.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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24 February 2010 if the bill can be split into two bills of Rs. 19,000/- each wach then no TDS deductible

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