Tds
This query is : Resolved
Milind Mahajan
(Querist)
18 September 2012
Sir,
If there is a bill of supply of betumin for Rs.5,00,000/- and also included labour charges for laying Rs.50,000/-. The supplier has added VAT 5% on the total amount i.e. Rs.5,50,000/- for Rs.27,500/-.
As the supplier has already added the VAT tax, should we deduct TDS on the labour amount.
Kindly guide.
with regards.
If there is a bill of supply of betumin for Rs.5,00,000/- and also included labour charges for laying Rs.50,000/-. The supplier has added VAT 5% on the total amount i.e. Rs.5,50,000/- for Rs.27,500/-.
As the supplier has already added the VAT tax, should we deduct TDS on the labour amount.
Kindly guide.
with regards.
CA CS Amit S. Kedia
(Expert)
18 September 2012
TDS will be deducted @1/2% u/s 194C on the total value including on the VAT amount since it is works contract.
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