Client deducted VAT
This query is : Resolved
17 November 2009
Hi,
our client has deducted 4% VAT from our invoice.We have designe and printed some card and submited the We have charged only service tax on total amount invoice. we have not VAT Registration no becouse we are PR agency generaly we dont sale any product.
Now things is that client issued payment after deduction of TDS & VAT 4%.
My qustion is that is client can deduct VAT.
Rgds
Praenjit
we have not charged VAT but they have deducted VAT @ 4%. we have charged service TAX only
plz rply
our client has deducted 4% VAT from our invoice.We have designe and printed some card and submited the We have charged only service tax on total amount invoice. we have not VAT Registration no becouse we are PR agency generaly we dont sale any product.
Now things is that client issued payment after deduction of TDS & VAT 4%.
My qustion is that is client can deduct VAT.
Rgds
Praenjit
we have not charged VAT but they have deducted VAT @ 4%. we have charged service TAX only
plz rply
17 November 2009
if you are not registered you can not charged vat on behalf of govt.
TDS to be deduct on that bill.
TDS to be deduct on that bill.
17 November 2009
we have not charged VAT but they have deducted VAT @ 4%. we have charged service TAX only
plz rply
plz rply
17 November 2009
No party can not deduct any vat fron you. if he is deducting ant amount collect from party debit note for that.
17 November 2009
In some states for eg. Maharashtra, certain class of VAT dealers (eg. Governments, Large Turnover Dealers) have to do TDS of VAT from VAT Bills submitted to them of a certain value. This is usually done when engaging contractors and your printing job is under contract. The VAT is supposed to be adjusted in your VAT payment to the government even if you have opted for a composition scheme. Whenever we quote to such dealers always quote 4.16% higher if your are not a VAT Dealer. A VAT dealer is able to adjust the VAT TDS against his dues to the Commercial Tax Department. Take a Certificate from him for deduction of VAT. It will be allowed to you as an expense.
17 November 2009
Kerala value added tax act also contain almost same provisions as stated by Mr.Sunil.
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