if we are purchase in 4% vat tax than can we deduct tds
Answer Posted / sreenath
Basic to know the nature of service rendered against the
invoice , If break up of material and labour is shown in
the invoice than TDS is applicable only on labour , if
breakup is not shown TDS to be deducted on bill value.
VAT is charged by Vendor as the material involved for
finishing required service involves material which he has
purchased by paying VAT
Is This Answer Correct ? | 11 Yes | 2 No |
Post New Answer View All Answers
if company is registered in West Bangal and goods are purchased from Maharashtra for export, and export will be done from Maharastra, then who can issue the H form?
what is vat adjustmant?
which form is used for issuance of C Form ,F form etc. from Sale tax Authority (Haryana), when should be apply? what documents to be submitted?
What is the maximum amount to issue Form C to a dealer for the purchase of 40 crores in several bills in a quater?
is WCT applicable one time? and what will be rate of WCT in UP State?
what is the objective of business taxation in private company?
I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.
what is the circle of tds and its rate chart
come'?
How to calculate entry tax on kraft papers format in excel under Assam Entry tax rules?
my manufacture company established in Excise exempted Area. and we pay freight to transpoter.& also deduct service tax.what will be the entry of this transaction. can i adjust this service tax payable from input service tax of telephone bill.
What are the types of provident funds?
which date Entry Tax has been started by Himachal Govt. and Please let us know the which act under Entry tax comes
what will be my tax if i suddenly got 800000 to 1000000 in my bank by chq from sale of an old house?
hi,when i am posting an entry on service tax it is not showing the business area.please guide me how to configure the business area so that the entry also shows the business area.please help as i need to configure it.