Wct tds deduction by the customer

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Anju (Querist)

16 October 2015 One of my customers deducted tds under wct@5% on total value of works contract sale bill raised by me. please let me know how to use this amount as input credit and how to create adjustment entry for it because i have to take it as input credit from VAT.
please help me.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)

16 October 2015 what service u r providing him.. ?? and r u charging VAt or not on bill

Anju

Anju (Querist)

16 October 2015 we do projects like works contract including all services like POP, PAINT, CLEANING, SUPERVISOR CHARGES, CIVIL WORK ETC. AND ALSO GOODS SUPPLIED TO CUSTOMERS.
IT IS WORKS CONTRACT BUT ARE NOT REGISTERED IN WCT. MATERIAL SUPPLIED AS PER TRADING AND CHARGE FULL VAT ON OUR SALE BILL.
WE SEPARATELY CHARGE SERVICE TAX ON SERVICES WHICH ARE CLEARLY MENTION IN OUR BILL AND SAME FOR MATERIAL FOR MATERIAL PORTION.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)

16 October 2015 why don't u issue separate bills for both so that no matter of deduction of WCT arises

Anju

Anju (Querist)

16 October 2015 this is not the solution of my issue write now. WCT tds has been already deducted and now i only confuse about the adjustment entry for it.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)

16 October 2015 it wil b an input as VAT.... u doing input entry of VAT also na.. do the same in this case also

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