Athmaram (Articled Assistant) (170 Points)
24 February 2011Hi All
One of my client is doing industrial catering business ie, they have a kitchen on their own & cook in their place & supply the food to other Industries on contract basis. Is VAT applicable to this kind of Service ?
Adding to that at present the Industries are deducting Contract TDS on the bills raised by the client. If we get ourself registered with VAT will they continue deduct TDS or not.
Thanking You
Regards
Ram.
DAYANANDA K N
(ACCOUNTS EXCECUTIVE)
(575 Points)
Replied 25 February 2011
VAT is applicabe for the sale of food on 50% value of bill.
As receiver of the catering service user needs to deduct VAT TDS irrespective of whether the supplier is registerd or not under VAT Act.
Regards
Dayananda
DAYANANDA K N
(ACCOUNTS EXCECUTIVE)
(575 Points)
Replied 25 February 2011
Above details provided based on Karnataka VAT Act
Regards
Dayananda
Athmaram
(Articled Assistant)
(170 Points)
Replied 26 February 2011
thanks 4 ur reply is this applicable to Tamil Nadu VAT or not?
Regards
Ram.
DAYANANDA K N
(ACCOUNTS EXCECUTIVE)
(575 Points)
Replied 26 February 2011
I am not aware of the TNVAT Act provisions.
Regards
Dayanana
CA Chintan Vaghani
(partner)
(21 Points)
Replied 18 August 2013
Is there tds deductible on remaining 50% bill? On other than VAT portion?
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