Tds on vat
Querist : Anonymous
plz tell me in which condition tds is to be made on vat amount also.
if i m having a bill of material plus labour and the party had charged vat on material part then what should i do.. i cant deduct tds only on the labour part from that bill.. as far as i know ??
https://www.lawyersclubindia.com/experts/Is-tds-apply-on-vat-invoice--419351.asp#.VP6Qx3yUdic
its not abt vatable invoice...
m talking abt a composite bill having labour part and material part both in the bill.. then what u wil do
i know very well that tds wil b charged on labour part but only when there is separate bill as the same thing says in links given by you....!! so its good i should confirm this with other experts
Querist : Anonymous
i have been totally confused that both of you
are not staying with one stand. hear is my following Query, to understand it batter,
contractee has given the one bill RS. 250000, in that materials and service portion has not been shown separately but the contractee has charge 5% vat on 60% portion 150000*5%=7500, hence the total bill amount is rs. 257500/- Note, vat amount is showing separately in the invoice, Plzz, let me know on which amount should i deduct tds whether on 250000 (inclusive vat) or only on 100000,
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