if we are purchase in 4% vat tax than can we deduct tds
Answers were Sorted based on User's Feedback
Answer / shankar
No TDS Not Deducted to Purchase Bills. Only Deducted for
Labour Bills (Only Service Tax)
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sonali
Logically TDS shall not be applicable on VAT, but does any
one have supportings or provision under law?
Likewise circular on non applicability of TDS on Service
tax.
| Is This Answer Correct ? | 1 Yes | 0 No |
if firm sales tax paid , under which ledger and subledger it would be posted? give brief information
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0 Answers India Infoline, TCS, Wipro,
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What is the differance between vat and tds d-vat and can we take benefit from it. for example if we sells to some one the entry is Dr. ram A/c 10000 Cr. Sales@4% 9600 Cr. Output vat@4% 400 now we received the cheque agst. sell the entry is Dr, Bank A/c 9573 Dr. Tds d-vat Receivable A/c 200 Dr. Tds Income Tax A/c 227 Cr. Ram A/c 10000 now If We recd. the Tds D-vat Certificate from our Debtor (Ram) What is the entry.....?????? and how can we get the benefit of it...???
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7 Answers Universal Engineering,