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If a supplier of goods is also a Contractor doing labour work, then is it necessary to collect separate bills one for material & the other for labour? or else tell me what is to be doen?
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Answer / bijender sharma
Don't be confused.You are right separate bills are required for material and job work. You will be taxed only for value of material sold to you. On other side you will deduct TDs on amount to be paid for job work as per section 194-C.
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Answer / vijay
Need not to take a separate invoice he can show material and labour on same invoice with service tax on labour and vat on material while booking we need to deduct TDs and act both on invoice
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