On my vat 5% invoice my debtor(sbi) deduct tds 1%
This query is : Resolved
26 September 2013
ON MY VAT 5% INVOICE MY DEBTOR(SBI) DEDUCT TDS 1%
IS IT VALID DEDUCTION.
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IS IT VALID DEDUCTION.
Read more at: https://www.caclubindia.com/experts/ask_query.asp
26 September 2013
No such TDS is permitted under KVAT Act or rules now. It is an old departmental instructions being applied now. Under IT Act some deductions are required,not under KVAT Act.....mjk
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