Dhaval Lotwala (Manager) (25 Points)
27 August 2012Dear All,
While performing an audit came across bills for preparation of sign boards and flex printing. Pl. let me know whether TDS to be deducted on such bill. The bill value is arrived as below:
Sign boards 50 Qty 1250 Rs. 62500.00
VAT @ 12.5% 7812.50
Total 70312.50
Vikky Vasvani
(Executive -Accounts & Finance)
(321 Points)
Replied 27 August 2012
TDS 194C... applicable......Amount of VAT is Part of Bill.( Exp. ) .. we can not take separate this..
C.A.M.S.ROY
(C. A.)
(478 Points)
Replied 27 August 2012
No Tds Shall be deducted because it is the contract of sell.such contract is beyond the scope of definition of Works contract.
Manjunatha M K
(Manager - Accounts)
(318 Points)
Replied 27 August 2012
Since VAT is charged, it looks like purchase. It does not required to deduct Tax (u/s 194C)
If the invoice contains any charges towards Labour work. Tax should be deducted on that portion only (u/s 194C)
Dheeraj
(Artical )
(124 Points)
Replied 27 August 2012
TDS SHALL BE DEDUCTIBLE IF INVOICE IS OF JOB BILL
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 27 August 2012
| Originally posted by : Vikky Vasvani | ||
 |
TDS 194C... applicable......Amount of VAT is Part of Bill.( Exp. ) .. we can not take separate this.. |
 |
AGREE WITH ABOVE...
CA Sunny Jain
(Chartered Accountant)
(65 Points)
Replied 27 August 2012
TDs shall be deducted under section 194 c on amount of 70312..
Pradip
(Accountant/Management)
(106 Points)
Replied 28 August 2012
According to me when VAT is charged on full amount then TDS should not to be deduct.
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