Tds on job work/woks contract
This query is : Resolved
26 January 2012
namaste all
please clarify whether TDS to be deducted by the contractee,if deductable on full bill or only on service portion.? in case of person doing jobwork or works contract of electricla machinery as per the specification of principal in follownig instances
-1) material given by contractee(principal) pure labour work some consumalbeS used and billed as labour invoice
-2)partial matrial given by contractee and patial precured by contractor (job worker) and billed as sale invoice with VAT AND EXCISE.(by reducing stock tranferred by principal)
-2(a)it is not possible to give break up for material and service value
-2(b) it is possible to give break up for material and service value
thank you all
please clarify whether TDS to be deducted by the contractee,if deductable on full bill or only on service portion.? in case of person doing jobwork or works contract of electricla machinery as per the specification of principal in follownig instances
-1) material given by contractee(principal) pure labour work some consumalbeS used and billed as labour invoice
-2)partial matrial given by contractee and patial precured by contractor (job worker) and billed as sale invoice with VAT AND EXCISE.(by reducing stock tranferred by principal)
-2(a)it is not possible to give break up for material and service value
-2(b) it is possible to give break up for material and service value
thank you all
26 January 2012
As far as my knowledge says...its on the full bill value...but excluding the amount of service tax charged by the contractor.
28 January 2012
please,i am not clarified
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