Tds on st and vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 June 2015
hi,
If a company provides coffee rent on machinery which is 3000+ST and Pantry items Amount+VAT in the same invoice, then do we have to deduct TDS if i'm a Pvt Ltd Company? Is it a contract @2&?
If a company provides coffee rent on machinery which is 3000+ST and Pantry items Amount+VAT in the same invoice, then do we have to deduct TDS if i'm a Pvt Ltd Company? Is it a contract @2&?
02 June 2015
You need to deduct 2% alright but u/s 194I on Rent amount excluding Service Tax. No TDS on Pantry items and VAT.
But check the threshold limit. TDS required to be deducted if threshold limit of Rs 1.80 Lacs p.a. is crossed.
But check the threshold limit. TDS required to be deducted if threshold limit of Rs 1.80 Lacs p.a. is crossed.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- GSTR9 Annual Return
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Ito add credit side of bank
- Rectification under processing even after 6 months cpc portal
- Form 144 TDS Return Validation error
- Rent agreement of House of deceased person
- LLP audit and disclosure
- Closer of business and itc of capital goods
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
