13 September 2015
Dear experts the contractor has given single bill for contract as below under....
materials portion 600000 14% vat 84000 service portion 400000 5.6% ST 28000
total bill rs. 11,12,000/- i want to know should i deduct TDS on 10,84,000/- (materials+vat+service portion) excluding ST. plz confirm how much TDS is to be made on this bill....
13 September 2015
Dear sir some tax expert has said we should deduct tds on materials, vat, and on service portion because contractor has issued the only single invoice....