TDS on Job where service and supply involve
This query is : Resolved
Arijeet Das
(Querist)
01 March 2011
Dear Sir,
will TDS be deducted on a bill where both supply & service are involved?
bill is of False Celling in which party has charged vat @ 12.5% on whole contract job.
My question is "shall I deduct TDS on whole amount including VAT@12.5%"???
Arijeet
will TDS be deducted on a bill where both supply & service are involved?
bill is of False Celling in which party has charged vat @ 12.5% on whole contract job.
My question is "shall I deduct TDS on whole amount including VAT@12.5%"???
Arijeet
JIGAR DALAL
(Expert)
01 March 2011
If any contract is given to vendor with material then TDS is to be deducted @ 2% (194C) on Invoice Amt. If Firm is taking VAT credit then TDS is to be deducted on Gross Inv. Amt. (Amt. before VAT)otherwise on total invoice amount (Inv. Amt. + VAT)
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