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V. NAVEEN KUMAR SICASA   27 January 2020

TDS On Works Contract

>One company entered works contract with another company for construction of solar plant.
>Based on contract, contractor billing the other party for supply of goods and services showing separately in the same invoice.
>Now my doubt is on what value, TDS need to be deducted????


 6 Replies

sabyasachi mukherjee

sabyasachi mukherjee   27 January 2020

Please upload the work whether it's a composite order or not.
Depending on the same the rate will be ascertained.
1 Like
V. NAVEEN KUMAR SICASA

V. NAVEEN KUMAR SICASA   27 January 2020

It is composite order
1 Like
Kapadia Pravin

Kapadia Pravin   27 January 2020

Better if contractor issues seperate invoices - one for materials and another for labour and other services.

if it's identifiable in this way, there may not be TDS on materials payments.

TDS will be at applicable rate on labour and other services bill.

One more caution is to pay by seperate cheques or Online modes seperately for material invoice and Labour other charges invoice.
1 Like
V. NAVEEN KUMAR SICASA

V. NAVEEN KUMAR SICASA   27 January 2020

How to handle past transactions. Tds was deducted on service only
1 Like
Kapadia Pravin

Kapadia Pravin   27 January 2020

There is no answer for hypothetical question. Let it come and at that time you automatically know to handle it. Right now, Njoy
1 Like
sabyasachi mukherjee

sabyasachi mukherjee   11 February 2020

@ naveen
composite work related to what?
the entire work order is required.
construction of solar has a rate.

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