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.
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