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 / pawan
You should prepair seperate bills for both transactions VAT
& Service Tax will be applicable as per prescribed rates
and party will deduct TDS @ 1% on Labour charges bill if
your PAN is in the name of individual/ HUF & @2% if your
PAN is other than individual/ HUF
| Is This Answer Correct ? | 10 Yes | 0 No |
Answer / 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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