Tds to deduct on basic.... or on service amount...?
This query is : Resolved
25 November 2014
Dear Sir,
If a Vendor has given Invoice for Bike Parking Shed Supply & Service((constructing shed with his own material)
supply Rs.5,24,000 + vat@5%=26,200/-
& service Rs.1,11,000 + service Tax@12.36%=13,719.60
now invoice value is 6,74,919.60
so on what amount do I deduct the TDS..!
on Basic value Rs.6,35,000(5,24,000[shed supply)+(service 1,11000] or on Rs.1,11,000)Shed Service amount) ...?
If a Vendor has given Invoice for Bike Parking Shed Supply & Service((constructing shed with his own material)
supply Rs.5,24,000 + vat@5%=26,200/-
& service Rs.1,11,000 + service Tax@12.36%=13,719.60
now invoice value is 6,74,919.60
so on what amount do I deduct the TDS..!
on Basic value Rs.6,35,000(5,24,000[shed supply)+(service 1,11000] or on Rs.1,11,000)Shed Service amount) ...?
26 November 2014
On Service Portion only. (i.e on 1,11,000/-)
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