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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Regarding TDS Applicability For Director Remuneration
- SFT Cash Deposit in Current Account
- Annual return in Gst
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
