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Question
For what do we calculate the VAT and TDS which is for 
Customers & which is for Vendors?
please reply soon
 Question Submitted By :: FI-CO
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
VAT is applicable for purchanse and sales
TDS is applicable on salaries,rent,interest,interest on
securities and bank,puzzles,loteries,horse rases.
 
Is This Answer Correct ?    10 Yes 0 No
Sridhar
 
Answer
# 2
I am fully agreed with mr. Sirdhar Ans.
Vat is applicable on both purchase and sales
TDS is applicable on payment to Job Worker, Salary, Rent,
interest on securities, interest income other than
securities, Payment to contractors, insurance commission,
professional/technical services and payment ot Foreign
national etc.
 
Is This Answer Correct ?    5 Yes 0 No
Ramesh Mehla
 
 
 
Answer
# 3
I am asking
Is VAT applicable for Customer/Vandors,Similarly
TDS is Applicable for Vendors/Customers.
that's all
 
Is This Answer Correct ?    2 Yes 2 No
Shekar
 
Answer
# 4
please find me the answer for the purpose of calculating the
tds?
 
Is This Answer Correct ?    0 Yes 0 No
C.sathathulla
 
Answer
# 5
U HAVE SEPRTLY CREATE THE GL FOR VAT AND TDS FOR YOUR
CUSTOMER AND VENDOR AND MAINTAIN SEPRETLY
 
Is This Answer Correct ?    2 Yes 5 No
Anupam
 

 
 
 
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