Dear Sir,
We have problem in booking invoice of works contract. The material Portion is 67 % and service tax portion is 33 % we have confution in applicability of TDS in both portion.We have want to charge TDS on service tax also. This is correct method? also we want to TDS on vat plus material also this is correct?
Regards,
Balendra Parmar.
If VAT is levied on material portion, then TDS should not be dedcuted on the materials.
agree with above
Take seperate invoices for material & services & deduct TDS only on service invoice. Otherwise TDS &WCT will be deducted on the entire amount of invoice.
M N Rao & Associates LLP
Vijayawada
CA Inter
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