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Tds on sign boards

Dhaval Lotwala (Manager) (25 Points)

27 August 2012  

Dear 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


 7 Replies

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.) (473 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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