19 March 2014
hello,
my query is that a govt. co. given a tender to a party (let us call 'x') for supply & fixing of window fashion vertical blinds. after completing the work x has given bill as 3500 sqm * rate 40 amounting to rs 140000 & charged vat. there is no separate agreement between company & x. whether tds should be deducted while making payment to x. if yes what is the rate?