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Pl inform me the details of TDS,VAT,Service Tax & other
Statutory Deductions related to individual and companies.
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Answer / cmc_vaishnav@yahoo.com
1. TDS, VAT, Service tax do not apply to Individual (if he is
not proprietor)
2. Individual(Proprietor)/Co must deduct tds and pay on 7th
next month, vat payable (liability - paid on purchase) on 21st
of next month, service tax (liability - paid on services)on
5th of next month. Tds return - qutly, vat if liability is
more than 10 lakh monthly i.e.31st of next month, service tax
- half yearly i.e.25th oct, 25th apr
| Is This Answer Correct ? | 1 Yes | 1 No |
we issued the H form for the 1st quarter 2014-15 but in the 2A we posted the wrong TIN no of party and H form is also contains the wrong TIN No.if anybody know the correct procedure for correction of H Form kindly tell us.
exp: bricks 4000*5% =200 is input it can be add GP @ 10%. So it cane be 200*10% = 220 output Then 220-200 = we pay only 20. It is correct or not Regards G.Kamal
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