IF BILL OF JOB WORK HAVING WITH VAT AMOUNT THEN WHICH AMOUNT IS LIABLE FOR TDS

IF BILL OF JOB WORK HAVING WITH VAT AMOUNT THEN WHICH AMOUNT
IS LIABLE FOR TDS DEDUCTION THAT IS WHOLE INVOICE AMOUNT OR
EXCLUSIVE OF VAT AMOUNT

Question Posted / ashok

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IF BILL OF JOB WORK HAVING WITH VAT AMOUNT THEN WHICH AMOUNT IS LIABLE FOR TDS DEDUCTION THAT IS W..

Answer / siddharth tyagi

TDS should be deducted on the Invoice value including VAT.

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IF BILL OF JOB WORK HAVING WITH VAT AMOUNT THEN WHICH AMOUNT IS LIABLE FOR TDS DEDUCTION THAT IS W..

Answer / dhirendra kr kushwaha

Job work bills are two types:-
1
1:Exclusive of materiai(only labour charge):- only tds on bill amt.
2:Inclusive of material(Labour charge+ material cost):- Vat on material value & TDS on lobour amt.

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