Tds liability
This query is : Resolved
08 July 2015
Dear Sir,
"Person" is giving cement to a manufacturer of readymix concrete. Manufacturer is applying VAT on the other materials which it adds for manufacturing of readymix concrete. Readymix concrete is produced as per the specifications given by the "Person" who is giving the cement. My query is, whether TDS will be deducted on payment to the concrete manufacturer?
"Person" is giving cement to a manufacturer of readymix concrete. Manufacturer is applying VAT on the other materials which it adds for manufacturing of readymix concrete. Readymix concrete is produced as per the specifications given by the "Person" who is giving the cement. My query is, whether TDS will be deducted on payment to the concrete manufacturer?
08 July 2015
if material is supplied by manufacturer for works contract then no tds is applicable
08 July 2015
Sir,
Please tell that according to which section or circular, TDS in not applicable on Works Contract.
Please tell that according to which section or circular, TDS in not applicable on Works Contract.
08 July 2015
refer sec 194C and definition of works contract in that
Message likes :
1 times
08 July 2015
Sir, but as per sec 194C and definition of "Work", it is mentioned that provisions of sec. 194C are applicable.
08 July 2015
there are many case laws on same u can check it in book by vk singhania for same
08 July 2015
Sir, can you please provide the name of some case laws or link to them.
09 July 2015
Please refer Section 194C(3)(i). TDS to be deducted on value excluding the value of material, if such value is mentioned separately in the invoice and therefore no TDS on VAT which is charged on Material.
TDS to be deducted on whole of the invoice value, if the value of material is not mentioned separately in the invoice.
Link:
http://www.incometaxindia.gov.in/_layouts/15/dit/Pages/viewer.aspx?grp=Act&cname=CMSID&cval=102120000000041123&k=&IsDlg=0
TDS to be deducted on whole of the invoice value, if the value of material is not mentioned separately in the invoice.
Link:
http://www.incometaxindia.gov.in/_layouts/15/dit/Pages/viewer.aspx?grp=Act&cname=CMSID&cval=102120000000041123&k=&IsDlg=0
09 July 2015
Abhishek Ji you may also check out the discussion from link given below:
https://www.caclubindia.com/experts/tds-on-vat-invoice-2018424.asp
https://www.caclubindia.com/experts/tds-on-vat-invoice-2018424.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- TDR receipts for agreement holder
- Inventory of finished goods
- Confusion around Form 26QB fields
- Company Incorporation - CA and directors signing from different states
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Vivad se vishwas scheme 2024 new
- RCM on Advocate services by unregistered perosn
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
