Tds

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parth (Querist)

12 May 2014 I received a bill stating
Principal Amt 100
S.tax 12
Vat 5
Total 117

NOw i have 2 queries
1) can service tax and vat be charged in the same bill?
2)On which amount should TDS be deducted?

Answer ASAP.

CA. Amit G. Chandani

CA. Amit G. Chandani (Expert)

12 May 2014 1. Yes, it can be charged. Ex - Bill of Restaurant, Bill of Authorized Motor Workshop etc.
2. TDS will be on 117-12=105 (i.e. excluding Service Tax portion)

parth

parth (Querist)

13 May 2014 Can it be charged on furniture and fixtures?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

14 May 2014 If it is purchase of furniture and fixture only VAT can be charged and no service tax.

parth

parth (Querist)

14 May 2014 What is the option now available to me if the party has charged both and my clienthas paid the same? because i cannot take credit on capital purchase.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

14 May 2014 ASK FOR REFUND OF SERVICE TAX FROM THE VENDOR AS SERVICE TAX NOT APPLICABLE ON PURCHASE.

parth

parth (Querist)

15 May 2014 Ok thanks for your answer and time

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