IF WE PURCHASE FLEX AND SUPPLIERS PRODUCE BILL & CHARGED 4%
VAT THEN WHAT WILL BE TDS STATUS.
- 1 Answers
- 2302 Views
- I also Faced
- E-Mail Answers
Answer Posted / Rupesh Kumar
If the purchase is a business-to-business (B2B) transaction and the total invoice value exceeds Rs 2.5 lakh, then the supplier will be required to deduct Tax Deducted at Source (TDS) at the rate of 1% if GST registration is not provided by the buyer. In this case, since the VAT charged is 4%, which is above the TDS rate, it's possible that the seller has already paid the applicable taxes and there would be no TDS involved.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
I WANT TO KNOW THAT WHAT WE WILL BE PAY FOR PURCHASE COMPUTER WINDOWS FROM JAIPUR TO SEZ AREA
What have you read in the papers recently that relates to international law?
can anybodt tell me the latest rate of wct in up?
which purpose creat sagariya commisin?
computation of advance tax for the assessment year 2010-11
Sir, My client A is doing job work on piece rate basis for B a establishment in Baddi in Himachal Pradesh and .His labour are working in Baddi Himschal Pradesh. and the payment was made to A after confirmation from the Quality confirmation department of the establishments and calculated on piece rate basis. Here B is exempted from excise duty from Excise. A has done work up to Feb, 2016t , 2009 nearly Rs15 - 20 lacs in total up to date . he is not charge any Service Tax. Pls advice in this case service tax is exempted if job work is done in excise exempt unit. Pls confirm in this case service Tax is exempted or not. If not exempted the then what amount b has to pay service tax.
Name the chairman of traffic communities ?
What is the service tax rate on WCT ( work contract tax) in haryana state
lost my refusal letter issued by UK Embassy, can any one help me how to get the duplicate refusal letter from the Uk Embassy.
Sir, I have applied for the post of Cashier/ Inter-preter/ Inspector in Charity commissioner, Mumbai. I have required the previous year exam question papers or which question are likely to be asked for the such exam.
send me sample paper of law officer in bank pre test
whether there is any vacancy for the post of Lecturer? as i have passed NET EXAM this year plz give me information.
what is the rate of WCT and surcharge in haryana when the payer is registered under Lumsum contractor
If you were the prime minister, which laws would you change?
How many pending cases are there in INDIA?
