Tds deduction

Santosh V. Thakur (Sr. Accountant) (187 Points)

02 February 2012  

If party charge Service tax (4.13%) on part bill amount & Charge 5% VAT on 100% bill amount. is it relevant.? if yes, then TDS   should be deduct on on what amt.?

see example of invoice below.

Bill amt.                                1000

Add: Service tax (4.13%)       17 (40% of bill amt)

add: vat 5%                            50 (100% of bill amt)


grand total                          1067


Is it relevant? tds should deduct on what amt?

Kindly Suggest.