Wct tds deduction by the customer
This query is : Resolved
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.
please help me.
16 October 2015
what service u r providing him.. ?? and r u charging VAt or not on bill
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.
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.
16 October 2015
why don't u issue separate bills for both so that no matter of deduction of WCT arises
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.
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
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- TDS Challan Code
- SGST balance is there in credit ledger how to adjust for cgst
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
