18 March 2010
Bill Amount 538400.00 CST @ 2% 10768.00 Service Tax @ 4% 21536.00 Education Cess 430.72 Higher edu. cess 215.36
Total 571350.08
Problem is CST and service Tax is calculate on Bill amount While the CST Should Be charged on Supply only and service tax should be charges on labor part.
Can in this case we can issue c form we have deduct the TDS amount on Rs. 571350.08 @ 2% and issued is TDS certificate to the supplier.
CAclubindia
