Hello
We have received water proofing treatment from one of our supplier. he has used materal plus labour for this work.
he has sent us invoice mentioning the cost of work. (have not mentioned material & labour part seperately)
but charged vat on 70% of work & service tax on 33%.
my question is on which amount tds should be deducted?
please advise.
you have to deducte tax on service of contract u/s 194-C
means tax should be deducted only on service portion though it has not been seperately mentioned in the invoice?
ok. thanks a lot.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
