Dear sir i am a contractor and making a invoice for Rs.
1500000= in which 1200000 for material and 300000 for labour
charges how should i make a invoice with material and what
will for format of invoice, if i make separate invoice for
material and separate for labour charges what service tax
and sales tax chaeges will be. and what TDS will party
deduct on my bill. pls answer as soon as possible.
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Answer Posted / sudhakar
You can prepare one bill with vat on 67% on value & 33%
service tax on invoice value.
TDS will be deduct @ 1% on 33% ov invoice value, if
your PAN is in the name of individual/ HUF & @2% if your
PAN is other than individual/ HUF.
WCT WILL Also attract 2%
| Is This Answer Correct ? | 7 Yes | 2 No |
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