Is there any liability to deduct tds on the spare parts purchased for repairing and servicing of equipments??
Bill
1. Spare parts........... ******
Vat @ 12.5%.........********
Total.................................
2. Job work.......... ********
service tax 12.36% *******
total of both ............
TDS need to be deducted on job work @ 2% us 194C. Also if service tax amount is shown seperately then on service tax is exluded for 2% deduction of TDS.
spare parts amounted to rs 65000 nd job work is only 3000.. is there any need to deduct as job work amount is less then 30000?
If amount is 3000 only no need to deduct TDS us 194C
CAclubindia
