Vat return & service tax
This query is : Resolved
26 June 2013
1. Abc co. purchased steel material of Rs. 240000 ( Including vat 14.5% )
Then on the time of payment we are paid the actual tax - invoice amount with detucting the Tds rate on the total sum of Tax - invoice to vendor but question is i,e vat & Tds is going in the Government treasury.
My quest. is that when we calculating the tds rate we want to calculate on the actual materil price Or including vat price
if Including vat Or service tax why ?
Please guide me on this case with vat,tds & service tax solutions.
Then on the time of payment we are paid the actual tax - invoice amount with detucting the Tds rate on the total sum of Tax - invoice to vendor but question is i,e vat & Tds is going in the Government treasury.
My quest. is that when we calculating the tds rate we want to calculate on the actual materil price Or including vat price
if Including vat Or service tax why ?
Please guide me on this case with vat,tds & service tax solutions.
26 June 2013
on purchase no tds will be applicable
on job work tds will applicable u/s 194C
servcie tax will include for TDS
on job work tds will applicable u/s 194C
servcie tax will include for TDS
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