I have received a bill on which T.D.S. is to be deducted. The bill is dtd. 09.10.2009 Bill Details are :-
1.Towards preventive maintenance & upkeep of renewable energydevice/wind mills including labour & materials. Rs. 21,001.05 2.Towards Breakdown repairs of renewable energy devices/ wind mills including labour & materials. Rs. 48,809.25 Total Charges Rs. 69,810.30 Service Tax @ 10.30% Rs. 7,190.46 Total Amt Rs. 77,000.76
Value Added Tax @ 12.5% on 60% of the value (As per Notification. No. STR.1506/CR-38/ Taxation-1 Dtd. 08.09.2006) Rs. 5,235.77 Total bill Rs. 82,236.55
As per my knowledge T.D.S. should be deducted at 40% of 69,810.30+ Service Tax. Since 60% of the amount is considered for VAT 40% can be considered as service. Please guide me if I am wrong.
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