Tds on vat and service tax

Save Share

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 January 2015 Invoice for maintenance services
Amount for vat 10,000
Vat@ 12.5% 1,250
Service part 10,000
ser tax@12.36 1,236
Total value 22486/-

at which amount tds has to be deducted

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

28 January 2015 tds will not be deducted on servie tax portion as per circular no 1/2014

Querist : Anonymous

Querist : Anonymous (Querist)

29 January 2015 that's ok but , at which amount I should deduct tax at source

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

29 January 2015 what ok? already ans excluding srevice tax so 10,000 +1250 =11,250

Querist : Anonymous

Querist : Anonymous (Querist)

29 January 2015 but as per invoice there are three amount 1)amount of goods 10,000
2)vat 1,250
3)service part 10,000

then amount subject to tds 21250

then tds =21250*(1%/2% as the case may be )

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

01 February 2015 TDS to be deducted only on Service Part of Rsc 10000/-. No TDS on Value of Goods, VAT and Service Tax amount.Deduct TDS on Rs 10000/-. Hope it is clearer now.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now