Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 March 2015
Dear all expert.
plz. reply me Query. it's really urgent,
my following Query is below mention.
we are air conditioner manufacturing company. and we have given the contract to repair my air conditioner and the contractee is partnership firm. the materials was provided by contractee, but now the contractee this given the bill 70000 rs materials portion on that 5% vat 3500 and in the same bill 15000 is service portion on that he has charged 50% ST rs. 927 under reverse charges in the bill, total bill amount is 89427/- and he said 927 ST amount i will have pay.
my Query is.. in this contract whether reverse charges will be applicable or not.
and on which amount as per TDS section 194C 2% to be deducted. whether only on 15000 or with 70000 materials portion also along with the vat amount 3500/-
plz. reply my Query.. that how much tds need to be deduct on this.
plz. reply me Query. it's really urgent,
my following Query is below mention.
we are air conditioner manufacturing company. and we have given the contract to repair my air conditioner and the contractee is partnership firm. the materials was provided by contractee, but now the contractee this given the bill 70000 rs materials portion on that 5% vat 3500 and in the same bill 15000 is service portion on that he has charged 50% ST rs. 927 under reverse charges in the bill, total bill amount is 89427/- and he said 927 ST amount i will have pay.
my Query is.. in this contract whether reverse charges will be applicable or not.
and on which amount as per TDS section 194C 2% to be deducted. whether only on 15000 or with 70000 materials portion also along with the vat amount 3500/-
plz. reply my Query.. that how much tds need to be deduct on this.
04 March 2015
In this contract reverse charge is applicable.
TDS to be deducted on 2% of 15000.
TDS to be deducted on 2% of 15000.
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