Tds on vat bills for a contractor
This query is : Resolved
09 June 2015
Dear All,
On what amount tds should be deducted in case of bills including vat/cst;On gross or net?
Please explain in detail
1.if separate bills for labor and Spare parts are given,
2. if both labor charge and spare parts are shown on one bill.
And please explain service tax factor in this regard too.
On what amount tds should be deducted in case of bills including vat/cst;On gross or net?
Please explain in detail
1.if separate bills for labor and Spare parts are given,
2. if both labor charge and spare parts are shown on one bill.
And please explain service tax factor in this regard too.
09 June 2015
you have to deduct the tds on labour amount only.
if on one bill then you can deduct TDS on labour part only.
if on one bill then you can deduct TDS on labour part only.
09 June 2015
you have to deduct the tds on labour amount only.
if on one bill then you can deduct TDS on labour part only.
if on one bill then you can deduct TDS on labour part only.
09 June 2015
whether seperate or otherwise ...deduct only on labour part and only if it excedds the threshold limit
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