TDS Including Excise?

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kaushal (Querist)
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28 March 2008 If a manufacturing co sells goods
does other Buyer need to deduct TDS includiong Excise duty and Other Taxes ?
I mean IN service Industry we Deduct TDS including service tax so do we need to deduct TDS Same Way ?

Jitender

Jitender (Expert)
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28 March 2008 yes , it is same way.

CA Saurabh Maheshwari

CA Saurabh Maheshwari (Expert)
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28 March 2008 YES TDS TO BE DEDUCTED INCLUDING SERVICE TAX

R.V.RAO

R.V.RAO (Expert)
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28 March 2008 YES TDS DEDUCTIBLE AFTER ADDING ALL DIRECT OR INDIRECT TAXES.
BUT A MANUFACTURER SELLS GOODS AFTER ADDING EXCISE DUTY AND SALES TAX,BUT WHERE IS THE NEED FOR HIM TO DEDUCT TDS.
PL.STATE IN WHAT CONTEXT TDS IS DEDUCTED IN A CASE WHERE EXCISE IS ADDED TO BASIC PRICE OF GOODS.
R.V.RAO

Dayal

Dayal (Expert)
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01 April 2008 Hello friend

Let us not be that friendly towards revenue that we start paying taxes on everything we think will attract

Excise duty is on manufacture and payable on sale , it is a transaction of purchase and not a service or a professional advise in any mannter

Deducting TDS on such transaction will only violate the principles of taxation as this is not covered.

This transaction is subject to vat which is payable on purchase