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Tds on 194i (renting of plant& machinery)

This query is : Resolved 

04 February 2014 A Company has taken machinery for rent
and decucting 2% TDS u/s 194I(on bill value including service tax)
My question is company has to deduct TDS including Stax or excluding S tax?

04 February 2014 Company has to deduct TDS on amount of bill excluding Service Tax.

04 February 2014 As per new rule which came on 2014 or as per old rule?


04 February 2014 Under both the rules. Earlier only i94I was covered. Now all sections are covered. TDS on payments under all sections should be deducted on amount excluding service tax.

04 February 2014 Sir please clarify the following
Can a company take input of VAT paid on (materials purchase value + freight. For ex: supplier charged in the invoice as Material 100000 Freight 500 Vat 5%(on 100500)= 5025? company paid 5025 vat to supplier my question is can we avail vat paid on freight(rs.25)as input credit or not?

04 February 2014 If you paid VAT on Rs 100500 than you can avail the input of same amount. Please take view of other expert also in this matter.



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