Dear Sir,
Pl advice us is there any liability to deduct TDS on VAT invoices...
Pl let us know if you need any information form us in this regard.
Waiting your reply..
Thanks & regards
CA.Praveen Gupta
9718715456
8 Replies
Max Payne
(employed)
(2574 Points)
Replied 28 November 2009
No need to deduct tax at source for purchases, however, if the VAT is for a works contract, you have to deduct TDS U/s 194C on the total invoice amount
So as of now dont deduct TDS.
CA VINAY BANSAL
(In job with KPMG)
(289 Points)
Replied 29 November 2009
tDS is made only on service type contracts (not for sale or purchase). Service type means commission, brokerage, contracts etc.............
Krutesh Patel
(ACA)
(727 Points)
Replied 29 November 2009
No TDS liability on purchase of material. It is only in respect of purchase of services.
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8639 Points)
Replied 29 November 2009
VAT is not a criteria to determine the TDS Liability..
TDS Liability shall be determined on the basis of its provisions under the relevant sections of Income Tax Act. So, if the expenditure comes under the purview of the given sections, then TDS has to be made. Unless no. So it wont matter whether VAT has been levied on the invoice or not.
Regards,
CA Amol G. Kabra
neeraj sharma
(EMPLOYEE)
(22 Points)
Replied 29 November 2009
there is a seprate provision under vat for TDS under rule no 59 of the DVAT @ 2% . for which you ave to make a seprate declaration under DVAT . you have to make an application under form no 45 of DVAT.
shraddha
(Student CA IPC / IPCC)
(27 Points)
Replied 03 August 2016
Dear Sir/Madam,
we have bill on computer repaires & maintainance which include service tax please help me whether to deduct tds on this bill or not, as on purchase of licience tds is not deducted as it is capitalised,
party raising the bill is asking not to deduct tds as they are providing stamp of non deduction of tds .
Amount of per bill is approx. 4000/- yearly amt is above 70000/-, we have a contract with the party.
himanshu
(Student)
(64 Points)
Replied 19 February 2017
Under which provision(s) of law for TDS is VAT liable to TDS.
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