Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 February 2015
My client awarded a contract to contractor ABC Ltd. And the Contractor raised their first Running Bill for amount 1226792.00+service tax@4.944%(ie;60652.00).And the bill amount includes the cost of cement & steel supplied by my client.(amounts to Rs. 434400). My doubt is that on which amount my client has to deduct TDS, WCT & LWF ?
Rupesh Jain
(Expert)
25 February 2015
you have to deduct the tds u/s 194C @2%on invoice value w/o service tax.
and WCT as per state vat act rate it may be 4% or 4.20%or 5% depend on the state vat act.
LWF will be deposit by the vendor company not you. but you can take challan and return copy.
and WCT as per state vat act rate it may be 4% or 4.20%or 5% depend on the state vat act.
LWF will be deposit by the vendor company not you. but you can take challan and return copy.
25 February 2015
yes corerctly said...........................
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